Because of the dilemma that the current industrial Cu enhancement methods lead to a significant decline in conductivity and ductility, Cu matrix composites reinforced by oriented multi-walled carbon nanotubes (MWCNTs) were prepared through sintering, hot extrusion, and cold drawing. Before sintering, Ni, Cu, and Ni&Cu coatings were electroless plated on MWCNTs as the intermediate transition layer, and then they were mixed with Cu powder through a nitrogen bubbling assisted ultrasonic process. By analyzing the composition, microstructure, and formation mechanism of the interface between MWCNTs and the matrix, the influence and mechanism of the interface on the mechanical properties, conductivity, and ductility of the composites were explored. The results indicated that MWCNTs maintained a highly dispersed and highly consistent orientation in the Cu matrix. The coating on Ni@CNT was the densest, continuous, and complete. The Ni@CNTs/Cu composite had the greatest effect, while the Cu composite reinforced by MWCNT without coating had the smallest reduction in elongation and conductivity. The comprehensive performance of the Cu@CNTs/Cu composite was the most balanced, with an ultimate tensile strength that reached 373 MPa, while the ductility and conductivity were not excessively reduced. The axial electrical and thermal conductivity were 79.9 IACS % (International Annealed Copper Standard) and 376 W/mK, respectively.