Copper-based powder metallurgy materials are frequently utilized in fabricating brake pads for high-speed trains. The preparation process involves mixing, ball milling, pressing, and sintering. Among these steps, hot-pressed sintering stands out as a rapid and efficient method that significantly influences the properties and performance of the products. In this study, four samples (S700/S750/S800/S850) were prepared using hot-pressed sintering at various temperatures, as follows: 700 °C, 750 °C, 800 °C, and 850 °C. The mechanical and physical properties of the four samples were tested, and the microstructure and compositions were investigated using scanning electron microscopy, energy dispersive spectroscopy, and X-ray diffraction. The findings highlighted the close relationship between sintering temperature and the mechanical and physical properties of the samples, as it impacts the porosity and interfacial bonding of the particles. Notably, Sample S800 demonstrated superior mechanical and thermal conductivity. Furthermore, the coefficient of friction (COF), friction heat, and wear rate of the four samples were also tested under different braking speeds ranging from 150 km/h to 350 km/h. The results indicated that the COFs of the four samples remained relatively stable below 300 km/h but decreased notably above 300 km/h due to heat fading. Sample S800 displayed consistent and high COF under varied braking speeds and exhibited the lowest wear rate. The observed wear mechanisms included abrasive wear and oxidation wear. Additionally, the friction test results underscored the close correspondence of the COF curve of S800 with the standard of the Ministry of Railways of the People’s Republic of China.