The invention provides a system and method for heating boiler feed water through steam turbine bypass steam. The system comprises a high-pressure bypass regulating valve, a high-pressure cylinder, an intermediate-pressure cylinder, a low-pressure cylinder, a first valve set, a second valve set, a third valve set, a fourth valve set, a fifth valve set, a sixth valve set, a low-pressure bypass regulating valve, a boiler, a condenser, a first high-pressure heater, a second high-pressure heater, a third high-pressure heater, a water feed pump, a deaerator and a condensate pump. The method includes the following steps that 1, a low-pressure bypass pipeline in front of the low-pressure bypass regulating valve of a steam turbine is connected to a steam exhaust pipeline behind a steam exhaust pipeline check valve of the first high-pressure heater; 2, a high-pressure bypass pipeline behind the high-pressure bypass regulating valve is connected to a steam exhaust pipeline behind a steam exhaust pipeline check valve of the third high-pressure heater; 3, when a unit is started, steam is introduced from a bypass into the steam sides of the high-pressure heaters, heat of the bypass steam is absorbed through the high-pressure heaters, water condensed from the steam gradually flows by itself into the deaerator, and therefore the purpose of absorbing the heat and a working medium of the bypass steam is achieved.