Low-toxicity, air-stable bismuth-based perovskite materials are attractive substitutes for lead halide perovskites in photovoltaic and optoelectronic devices. The structural, optical, and electrical property changes of zero-dimensional perovskite Cs3 Bi2 I9 resulting from lattice compression is presented. An emission enhancement under mild pressure is attributed to the increase in exciton binding energy. Unprecedented band gap narrowing originated from Bi-I bond contraction, and the decrease in bridging Bi-I-Bi angle enhances metal halide orbital overlap, thereby breaking through the Shockley-Queisser limit under relatively low pressure. Pressure-induced structural evolutions correlate well with changes in optical properties, and the changes are reversible upon decompression. Considerable resistance reduction implies a semiconductor-to-conductor transition at ca. 28 GPa, and the final confirmed metallic character by electrical experiments indicates a wholly new electronic property.