The invention relates to a spheroidized annealing technology for GCr15 bearing steel. The GCr15 bearing steel comprises the following components in percentage by mass: 0.95 to 1.05 percent of C, 0.25 to 0.45 percent of Mn, 0.15 to 0.35 percent of Si, less than or equal to 0.025 percent of S, less than or equal to 0.025 percent of P, 1.40 to 1.65 percent of Cr, less than or equal to 0.10 percent of Mo, less than or equal to 0.30 percent of Ni, less than or equal to 0.25 percent of Cu, less than or equal to 0.50 percent of Ni and Cu, and the balance of Fe. The spheroidized annealing technology for the GCr15 bearing steel is characterized by comprising the following steps of: heating the components to the temperature of between 790 and 800 DEG C together with a furnace, and performing high-temperature heat preservation at the temperature; cooling the heated components to the temperature of 725+/-5 DEG C, and performing intermediate-temperature heat preservation; and slowly cooling to thetemperature of 630 DEG C, quickening the cooling rate, cooling to the temperature of below 520 DEG C, discharging and performing air cooling. The technology is simple, the structure and the mechanical properties of the GCr15 bearing steel are suitable for subsequent plastic processing forming, and a structure preparation is made for final quenching and tempering.