A bistable relay and a bistable actuator are provided. The bistable actuator includes a magnetic latching mechanism and an electromagnet. The magnetic latching mechanism includes a rotation shaft, a pillar-shaped permanent magnet, a columnar hollow magnetic conductor and two shells, and operates between a first and second stable states. The columnar hollow magnetic conductor surrounds the pillar-shaped permanent magnet wrapping the rotation shaft, and maintains a gap with the pillar-shaped permanent magnet. The electromagnet is connected to the columnar hollow magnetic conductor for driving the pillar-shaped permanent magnet to rotate, so as to switch the magnetic latching mechanism to the stable state. During a process that the magnetic latching mechanism is switched to the stable state, the rotation shaft rotates synchronously along with the magnetic latching mechanism to drive an impact system to move relative to a contact system, so as to contact or disconnect the contact points.