Intended for high-rise timber buildings, horizontal loading tests were conducted under applied vertical loads using the ultra-high strength wooden glued panel. Additionally, elastoplastic analysis using deformation modal theory was conducted. Experimental results showed vertical load affects the skeleton curve of the bearing wall, with stiffness enhanced increasing vertical load. This was attributed to the suppression of rotational deformation at the wall base joint. Maximum strength was largely unaffected. Furthermore, comparative validation analytical and experimental results indicated the analysis generally replicated experimental values. In summary, the feasibility of the bearing wall with an independent vertical and horizontal resistance system was demonstrated.