To utilize fully the excellent mechanical properties of bamboo, thin-walled steel, and carbon fiber-reinforced polymer (CFRP), a CFRP-confined composite member composed of bamboo strips and a thin-walled steel tube (CBSC) was proposed to design a bamboo member with high-bearing capacity and ductility. The axial compressive tests were conducted on 26 CBSC members. Based on the validated finite-element (FE) model, a parametric analysis was performed to investigate the effects of different parameters on the axial compressive mechanical behaviors of CBSC members. Finally, the predictions of the ultimate axial compressive bearing capacity derived from the unified theory of concrete-filled steel tube columns agreed well with the test and FE results. The results showed that the failure mode of short CBSC members was strength failure, including material damage in the middle of the member, and end-crushing failure. However, the slender CBSC members exhibited typical global buckling failure. CBSC members can fully utilize the mechanical characteristics of the three materials to exert their combined effects. In terms of improving the bearing capacity, the recommended number of CFRP layers for all CBSC members is one except for the short CFRP-confined bamboo strip, thin-walled, circular steel-tube composite members, which is equal to two. The critical slenderness ratios of the CBCSC specimens and CBSSC specimens for distinguishing strength failure and global buckling are 19 and 36, respectively. The proposed predicted equations can accurately estimate the ultimate bearing capacity of CBSC members under axial compression.