The present invention relates to laser technology and nonlinear optical field, and provides an all-fiber femtosecond laser aiming at the shortcomings of existing lasers such as average output power, low peak power, high mode-locking threshold, wide pulse or complex structure. The laser includes pump light source, wavelength division multiplexer, gain fiber, low dispersion small mode field nonlinear fiber, polarization beam splitter, band pass filter and polarization controller. The mode field diameter of low dispersion small mode field nonlinear optical fiber is <= 4. 2 [mu]m; The bandpass filter comprises a polarization dependent isolator, a polarization maintaining fiber and a polarizer. Polarization-dependent isolator fused to the polarized optical axis of the polarization-maintaining optical fiber at an angle of 45 DEG; A wavelength division multiplexer, a gain optical fiber, a low dispersion small mode field nonlinear optical fiber, a polarization beam splitter, a polarization dependent isolator, a polarization maintaining optical fiber and a polarizer are sequentially connected to form an all optical fiber ring cavity; A polarization controller is located between the polarization beam splitter and the polarization dependent isolator and/or between the polarizer and the wavelength division multiplexer.