diff --git a/python/pluginResources/messages/PyBundle.properties b/python/pluginResources/messages/PyBundle.properties
index 7a57f4f48ce8..b3f6fc89147f 100644
--- a/python/pluginResources/messages/PyBundle.properties
+++ b/python/pluginResources/messages/PyBundle.properties
@@ -1656,7 +1656,8 @@ python.sdk.intention.family.name.sync.project=Sync project
 python.sdk.sync.project.text=Syncing project
 
 action.PipSetDefaultRequirementsAction.text=Set as the environment dependencies list
-action.PipUpdateEnvAction.text=Pip Update from "requirements.txt"
+action.PipUpdateEnvAction.text=Pip Update from "{0}"
+action.PipUpdateEnvAction.FloatingToolbar.text=Install All
 
 action.PipEnvLockDependenciesAction.text=Generate a Pipfile.lock
 action.PipEnvInstallDependenciesAction.text=Install Dependencies
diff --git a/python/src/com/jetbrains/python/packaging/pip/actions/PipPackageManagerAction.kt b/python/src/com/jetbrains/python/packaging/pip/actions/PipPackageManagerAction.kt
index 9997b36dfffb..8231be791156 100644
--- a/python/src/com/jetbrains/python/packaging/pip/actions/PipPackageManagerAction.kt
+++ b/python/src/com/jetbrains/python/packaging/pip/actions/PipPackageManagerAction.kt
@@ -1,9 +1,11 @@
 // Copyright 2000-2025 JetBrains s.r.o. and contributors. Use of this source code is governed by the Apache 2.0 license.
 package com.jetbrains.python.packaging.pip.actions
 
+import com.intellij.openapi.actionSystem.ActionPlaces
 import com.intellij.openapi.actionSystem.AnActionEvent
 import com.intellij.openapi.actionSystem.PlatformDataKeys
 import com.intellij.openapi.vfs.VirtualFile
+import com.jetbrains.python.PyBundle
 import com.jetbrains.python.errorProcessing.PyResult
 import com.jetbrains.python.packaging.management.PythonPackageManagerAction
 import com.jetbrains.python.packaging.management.getPythonPackageManager
@@ -61,5 +63,11 @@ internal class PipUpdateEnvAction() : PipPackageManagerAction() {
     if (manager.sdk.isReadOnly) {
       e.presentation.isEnabledAndVisible = false
     }
+  if (e.place == ActionPlaces.CONTEXT_TOOLBAR) {
+      e.presentation.text = PyBundle.message("action.PipUpdateEnvAction.FloatingToolbar.text")
+    } else {
+      val currentFile = e.getData(PlatformDataKeys.VIRTUAL_FILE)
+      e.presentation.text = PyBundle.message("action.PipUpdateEnvAction.text", currentFile?.name ?: "requirements.txt")
+    }
   }
 }
\ No newline at end of file