Abstract Population (Pop) III stars, first stars, or metal-free stars are made of primordial gas. We have examined if they can be dominant origins of merging binary black holes (BHs) and extremely metal-poor (EMP) stars. The abundance pattern of EMP stars is helpful to trace back the properties of Pop III stars. We have confirmed previous arguments that the observed BH merger rate needs Pop III star formation efficiency 10 times larger than theoretically predicted values, while the cosmic reionization history still permits such a high Pop III star formation efficiency. On the other hand, we have newly found that the elemental abundance pattern of EMP stars only allows the Pop III initial mass function with the minimum mass of ∼15–27 M$_{\odot}$. In other words, the minimum mass must not deviate largely from the critical mass below and above which Pop III stars leave behind neutron stars and BHs, respectively. Pop III stars may still be a dominant origin of merging binary BHs but our study has reduced the allowed parameter space under the hypothesis that EMP stars are formed from primordial gas mixed with Pop III supernova ejecta.