We have performed the theoretical studies on the longitudinal dynamic magnetization process of magnetostrictive amorphous wires characterized by a large single Barkhausen jump (magnetic bistability) based on our previous experimental measurements on these wires. The domain structures of these wire samples consist of a single domain inner core with axial magnetization surrounded by the outer domain shell with the magnetization oriented perpendicular (λs>0) or circular (λs<0) to the wire axis. In the present work we use the resultant magnetization vector M⃗ tilting θ angle to z axis to describe the sample’s domain structures. In terms of solving the Landau-Lifshitz-Gilbert equation followed by M⃗ the analytical solution of the dimensionless axial component of the magnetization mz=MZ∕Ms has been obtained, and mz[t(H0,fe),τ,γ] is a function of the field amplitude H0, field frequency fe, and the samples’ material parameters such as the damping constant τ and the gyromagnetic ratio γ. The function mz[t(H0,fe),τ,γ] allows us to study the dynamic properties of the magnetization process of a wire sample. It has been found that the switching time ts, the switching field Hsw, and the dynamic coercive field Hdc depend on a magnetic field and material parameters. We found that the parameter α=γτ∕(1+τ2) related to the rate of M⃗, rotating the direction of the effective field, plays an important role in the magnetization process. By fitting the experimental data to the theoretical magnetization curve the value of the damping constant τ of the magnetostrictive amorphous wires can be estimated.