diff --git a/src/infra/matrix-migration-config.test.ts b/src/infra/matrix-migration-config.test.ts
index 3bdae56ed15..624dfd8beec 100644
--- a/src/infra/matrix-migration-config.test.ts
+++ b/src/infra/matrix-migration-config.test.ts
@@ -11,6 +11,48 @@ function writeFile(filePath: string, value: string) {
 }
 
 describe("resolveMatrixMigrationAccountTarget", () => {
+  it("reuses stored user identity for token-only configs when the access token matches", async () => {
+    await withTempHome(async (home) => {
+      const stateDir = path.join(home, ".openclaw");
+      writeFile(
+        path.join(stateDir, "credentials", "matrix", "credentials-ops.json"),
+        JSON.stringify(
+          {
+            homeserver: "https://matrix.example.org",
+            userId: "@ops-bot:example.org",
+            accessToken: "tok-ops",
+            deviceId: "DEVICE-OPS",
+          },
+          null,
+          2,
+        ),
+      );
+
+      const cfg: OpenClawConfig = {
+        channels: {
+          matrix: {
+            accounts: {
+              ops: {
+                homeserver: "https://matrix.example.org",
+                accessToken: "tok-ops",
+              },
+            },
+          },
+        },
+      };
+
+      const target = resolveMatrixMigrationAccountTarget({
+        cfg,
+        env: process.env,
+        accountId: "ops",
+      });
+
+      expect(target).not.toBeNull();
+      expect(target?.userId).toBe("@ops-bot:example.org");
+      expect(target?.storedDeviceId).toBe("DEVICE-OPS");
+    });
+  });
+
   it("ignores stored device IDs from stale cached Matrix credentials", async () => {
     await withTempHome(async (home) => {
       const stateDir = path.join(home, ".openclaw");
@@ -54,4 +96,44 @@ describe("resolveMatrixMigrationAccountTarget", () => {
       expect(target?.storedDeviceId).toBeNull();
     });
   });
+
+  it("does not trust stale stored creds on the same homeserver when the token changes", async () => {
+    await withTempHome(async (home) => {
+      const stateDir = path.join(home, ".openclaw");
+      writeFile(
+        path.join(stateDir, "credentials", "matrix", "credentials-ops.json"),
+        JSON.stringify(
+          {
+            homeserver: "https://matrix.example.org",
+            userId: "@old-bot:example.org",
+            accessToken: "tok-old",
+            deviceId: "DEVICE-OLD",
+          },
+          null,
+          2,
+        ),
+      );
+
+      const cfg: OpenClawConfig = {
+        channels: {
+          matrix: {
+            accounts: {
+              ops: {
+                homeserver: "https://matrix.example.org",
+                accessToken: "tok-new",
+              },
+            },
+          },
+        },
+      };
+
+      const target = resolveMatrixMigrationAccountTarget({
+        cfg,
+        env: process.env,
+        accountId: "ops",
+      });
+
+      expect(target).toBeNull();
+    });
+  });
 });
diff --git a/src/infra/matrix-migration-config.ts b/src/infra/matrix-migration-config.ts
index 2b434d39f2c..dc2ad7b1da2 100644
--- a/src/infra/matrix-migration-config.ts
+++ b/src/infra/matrix-migration-config.ts
@@ -165,13 +165,17 @@ export function credentialsMatchResolvedIdentity(
   identity: {
     homeserver: string;
     userId: string;
+    accessToken: string;
   },
 ): stored is MatrixStoredCredentials {
   if (!stored || !identity.homeserver) {
     return false;
   }
   if (!identity.userId) {
-    return stored.homeserver === identity.homeserver;
+    if (!identity.accessToken) {
+      return false;
+    }
+    return stored.homeserver === identity.homeserver && stored.accessToken === identity.accessToken;
   }
   return stored.homeserver === identity.homeserver && stored.userId === identity.userId;
 }
@@ -186,6 +190,7 @@ export function resolveMatrixMigrationAccountTarget(params: {
   const matchingStored = credentialsMatchResolvedIdentity(stored, {
     homeserver: resolved.homeserver,
     userId: resolved.userId,
+    accessToken: resolved.accessToken,
   })
     ? stored
     : null;