To address the challenge of extracting bearing fault features, this study proposes a new rolling bearing fault feature extraction method based on the Sparrow Search Algorithm (SSA) to optimize Variational Mode Decomposition (VMD) and Multipoint Optimal Minimum Entropy Deconvolution with Convolution Adjustment (MOMEDA). Firstly, SSA is employed to identify optimal parameters in VMD, followed by the utilization of correlation coefficients and kurtosis to filter relevant Intrinsic Mode Function (IMF) components. Subsequently, MOMEDA is applied to denoise the reconstructed signal, mitigating the interference caused by pulse fault signals. Finally, the envelope spectrum analysis is conducted on the denoised signal. Experimental results demonstrate the efficacy of the proposed method in extracting fault features and mitigating noise interference.