Pile–bucket foundation is a newly developed offshore wind turbine supporting structure created by combining a monopile and a bucket foundation. Current research mainly focuses on its bearing characteristics in homogeneous soil layers (e.g., pure sand and pure clay); however, field stratigraphy is normally in a layered distribution, which may alter the bearing mechanism of the pile–bucket foundation and lead to inconsistency in the prediction of the bearing capacity. In this study, three-dimensional finite element simulations are performed, and the static lateral bearing characteristics of pile–bucket foundation in layered sand–clay strata are investigated considering the impact of monopile size, bucket size, and sand/clay thickness ratio (H_s/H_c). Numerical results indicate that an increase in sand layer thickness could help increase the bearing capacity of the pile–bucket foundation, especially as H_s/H_c increases from 0.5 to 1. Then, hyperbolic p-y models are introduced to calculate the lateral load–displacement curves of the pile–bucket foundation, which is divided into three sections: the bucket section and pile section in sand and clay, respectively. The two controlling factors of the p-y model, the initial stiffness and the ultimate lateral resistance, are modified based on numerical results. The modified p-y model provides satisfactory predictions of the pile deflection and the moment distribution of pile–bucket in layered sand–clay strata and could serve as a framework in more complicated soil deposits, such as clay-over-sand or multi-layer.