A variety of data-driven methods have been proposed to predict remaining useful life (RUL) of key component for rolling bearings. The accuracy of data-driven RUL prediction model largely depends on the extraction method of performance degradation features. The individual heterogeneity and working condition difference of rolling bearings lead to the different performance degradation curves of rolling bearings, which result in the mismatch between the established RUL prediction model by the training rolling bearings and the test rolling bearings. If a feature is found, which can reflect the consistency of the performance degradation curve of each rolling bearings, and give the indicator to determine the node and predictable interval of the declining period, the accuracy of the RUL prediction model will be improved. To solve this problem, a new feature extraction method based on the data-driven method, namely, Fitting Curve Derivative Method of Maximum Power Spectrum Density (FDMPD), is proposed to extract the performance degradation features of the same or similar rolling bearings from the historical state monitoring data in this article. The FDMPD can make the performance degradation feature curves of life cycle, which takes on consistency trend for different rolling bearings, and the starting point of the rolling bearings to enter the degenerating period is defined and the working stage of rolling bearings is divided. Based on this, the kernel extreme learning machine (KELM) and weight application to failure times (WAFT) are combined with FDMPD to establish a new RUL prediction model of rolling bearings, which can effectively realize the RUL prediction of rolling bearings. The whole life cycle data of rolling bearings are used to verify the validity of the RUL prediction model. The experimental results show that the established RUL prediction model can accurately predict the RUL of rolling bearings. It has the advantages of rapidity, stability, and applicability.