In this paper, under certain downstream pressure condition at infinity, we study the globally stable transonic shock problem for the perturbed steady supersonic Euler flow past an infinitely long 2-D wedge with a sharp angle. As described in the book of Courant and Friedrichs [R. Courant, K.O. Friedrichs, Supersonic Flow and Shock Waves, Interscience, New York, 1948] (pages 317–318): when a supersonic flow hits a sharp wedge, it follows from the Rankine–Hugoniot conditions and the entropy condition that there will appear a weak shock or a strong shock attached at the edge of the sharp wedge in terms of the different pressure states in the downstream region, which correspond to the supersonic shock and the transonic shock respectively. It has frequently been stated that the strong shock is unstable and that, therefore, only the weak shock could occur. However, a convincing proof of this instability has apparently never been given. The aim of this paper is to understand this open problem. More concretely, we will establish the global existence and stability of a transonic shock solution for 2-D full Euler system when the downstream pressure at infinity is suitably given. Meanwhile, the asymptotic state of the downstream subsonic solution is determined.