Although bud banks are key components of vegetation regeneration in degraded alpine meadows, their relationships with soil conditions on the Qinghai-Tibet Plateau remain insufficiently understood. In this study, we investigated bud bank composition and density, plant functional group biomass, soil physicochemical properties, and soil microbial biomass across five degradation stages of alpine meadows in a long-term controlled grazing experiment. Field sampling was conducted in mid-August 2021, and the relationships between bud bank densities, plant biomass, and soil variables were evaluated using comparative statistical analyses, redundancy analysis, and structural equation modeling. Bud bank density increased from non-degraded to moderately degraded meadows, reaching 3075 buds m-2, but declined sharply in severely degraded meadows to 183 buds m-2. Regarding distinct bud types, rhizome and tiller bud densities peaked in moderately degraded alpine meadows (1217 and 1750 buds m-2, respectively), whereas dicot bud density peaked in lightly degraded meadows. Bud bank density was positively associated with higher soil moisture content and negatively associated with increased soil bulk density. Moreover, bud bank density was positively correlated with soil organic carbon, total phosphorus, ammonium nitrogen, and soil microbial biomass carbon, nitrogen, and phosphorus. Our findings indicate that soil conditions may favor the maintenance of high bud bank density in moderately degraded meadows with high soil moisture, low bulk density, and more nutrient-rich soil conditions in moderately degraded meadows. Overall, our results indicate that alpine meadow degradation influences belowground regenerative capacity through changes in soil conditions and associated shifts in bud bank dynamics. Therefore, assessments and restoration of degraded alpine meadows should consider bud bank persistence in addition to aboveground vegetation characteristics.