The invention discloses an implement method and a device of channel estimation. The method comprises the following steps: converting the extracted channel estimation result of the reference signal to time domain to obtain the time domain initial channel estimation sequence of the reference signal; weighing the time domain initial channel estimation sequence to obtain the time domain channel shockresponse sequence of the reference signal; obtaining the power delay spectrum of the reference signal according to the time domain channel shock response sequence, and obtaining the relevant functionof the frequency domain of the reference signal according to the power delay spectrum; and carrying out normalization treatment on the relevant function of the frequency domain, and carrying out Wiener filtering calculation according to the normalized relevant function of frequency domain to obtain the final channel estimation results. In the invention, corresponding Wiener filtering coefficient can be obtained according to the real situation of RS, thus ensuring that the channel estimation process can be better carried out based on RS, avoiding the problem that the channel estimation processdoes not fit for the change of the actual environment due to the adoption of fixed Wiener filtering coefficient, and being capable of effectively improving the performance and accuracy of channel estimation.