The bridge was formally opened on November 12, 1850. Since it was close to Blagoveshchenskaya (Annunciation) Square, it was called Blagoveshchensky Bridge. In 1855 it was renamed Nikolayevsky Bridge in memory of Emperor Nicholas I. In 1918, after the revolution, it was renamed again, this time in memory of Pyotr Schmidt, a leader of the Sevastopol Uprising during the Russian Revolution of 1905.