The invention discloses a bottom sludge coagulating reduction as well as a preparation method and application thereof. The bottom sludge coagulating reduction comprises the following ingredients in parts by weight: 25-35 parts of polyaluminium chloride, 25-35 parts of polyferric sulfate, 1-5 parts of sodium polyacrylate, 15-25 parts of calcium bentonite, 5-15 parts of dolomite, 5-10 parts of a bottom sludge conditioner and 1-5 parts of sodium ferrate. According to the coagulating reduction, in-situ, fast, efficient and stable coagulation, passivation and settling separation are performed on bottom sludge, suspended matters and the like in a governance process of urban black and odorous water bodies, so that the volume of dirty muddy water and pollutants such as COD (chemical oxygen demand), NH3-N, TP (total phosphorus), heavy metals and the like in the water bodies are quickly reduced, the transparency of the water bodies is purified, the self-purification capacity of the water bodies is enhanced, and the ecological restoration of the water bodies is promoted. Therefore, the purposes of landscape restoration and sludge and water co-governance are achieved; compared with the traditional black and odorous water body bottom sludge dredging technology, a technology adopting the bottom sludge coagulating reduction has outstanding advantages.