The invention discloses an isothermal spheroidizing annealing furnace for bearing steels, which can be used for treating the bearing steels in a mode of double layers and double directions. Length ratio of a waste heat recovery heat-exchanging chamber to an isothermal chamber to an intercooling chamber to a heating preservation chamber in a hearth is 1:(2-5):(0.2-0.5):(2-5) along with the front and rear directions, thus annealing treatment effect of the bearing steels in double layers and double directions can be ensured. In the waste heat recovery heat-exchanging chamber, if one layer of driving roller group in the upper and lower layers of driving roller groups is used for conveying high-temperature bearing steels to be sent out of a furnace mouth, and the other layer of driving roller group is used for conveying room-temperature bearing steels (called cold metals) which are input into a furnace mouth, the high-temperature bearing steels and the room-temperature bearing steels can exchange the heat mutually, thus the room-temperature bearing steels are heated so as to recover heat (to be wasted) of the high-temperature bearing steels, reduce subsequent heat which enters into the isothermal chamber, and reach energy-saving effect. In the intercooling chamber, a cooler can be used for cooling the high-temperature bearing steels which are sent out of the heating preservation chamber, while the high-temperature bearing steels and the room-temperature bearing steels on the upper and lower layers of driving roller groups exchange heat mutually, thus recovering the heat of the high-temperature bearing steels, heating the low-temperature bearing steels, reducing the subsequent heat which enters into the heating preservation chamber and is required by the low-temperature bearing steels, further saving energy, and lowering the waste of the heat.