In this work, the structural and transport properties of ferromagnetic metal TlCo2S2 with ThCr2Si2-type crystal structure are systematically studied using high-pressure synchrotron x-ray powder diffraction, electrical transport measurements and first-principles calculations. All the resistances of TlCo2S2 between 1.4 GPa and 5.2 GPa exhibit an upturn at TS and an obvious hysteresis is observed below TS when measured in the cooling and heating processes. As the pressure increases, TS gradually increases and the resistances display a metallic behavior without any anomaly in the whole temperature region above 5.2 GPa, indicating that a possible structural phase transition occurs at TS and is beyond the room temperature above 5.2 GPa. High-pressure x-ray diffraction measurements combined with crystal structure prediction indicate that at room temperature TlCo2S2 undergoes a structural phase transition from a tetragonal phase (I4/mmm) to an orthorhombic structure (Bmab) at Pc ≈6.8 GPa, which is consistent with the results of the resistances under high pressure. Our results indicate that a first-order structural phase transition of TlCo2S2 is induced by high pressure and then results in the anomaly of the electrical transport properties.