Disclosed is a multifunctional extraction-type water faucet. The multifunctional extraction-type water faucet comprises a faucet shell, an inner core pipe, a water outlet device, a first water control switch and a second water control switch, wherein the inner core pipe and the water outlet device are arranged in the shell. A pulling switch is arranged in front of the second water control switch. The water outlet device comprises a water outlet body, a water outlet panel and a functional plate, wherein the water outlet body is provided with a dual-function water inlet cavity, the water outlet panel is provided with a center water outlet and peripheral water outlets, and the functional plate is arranged between the water outlet body and the water outlet panel in a clearance fit mode. A side water inlet mechanism is arranged between the functional plate and the peripheral water outlets. The pulling switch comprises buttons connected with the second water control switch, a pulling plate connected with the functional plate in the water outlet device, a keeping rod in clearance fit with the buttons and the pulling plate and a pressing rod simultaneously matched with the buttons and the pulling plate. Pause, bubble water supply, scattered water supply and shower water supply can be achieved through the three control buttons, the types of functional water are effectively increased on the premise that the size of the faucet is not increased, and the multifunctional extraction-type water faucet is convenient and easy to operate.