Bamboo is a plant that may replace plastics and wood as a new green environmental protection material that can be developed. Ferrocalamus strictus is a very special and rare bamboo which is a plant species with extremely small populations (PSESP) endemic to Yunnan, China, and it is listed as a China key national first-class protected wild plant. To explore the effects of extreme climate and environmental changes on this PSESP, we conducted a case study on the response of F. strictus to climate under two extreme future emission scenarios. We combined 29 environmental variables, including the temperature, precipitation, altitude, slope, aspect, soil pH, soil organic carbon content, and mean UV-B radiation of the highest month, to analyze the important environmental factors limiting the distribution of F. strictus and identified the priority conservation areas (PCAs) of F. strictus. Under the two future extreme climate scenarios, the core potential suitable distribution area of F. strictus would decrease by 26%–34% in 2040, 44%–46% in 2060, and 23%–58% in 2080, respectively. Bio18 (precipitation in the warmest quarter) and Bio3 (isotherm) were the two key factors limiting the geographical distribution of F. strictus (the contribution rates were 40.1% and 18.45%, respectively). The results of this study show that F. strictus is in urgent need of protection and PSESPs require more attention.