If it has hardness now, it is work hardened. I don't think there is a heat treatment method that will restore hardness if You heat it.
If You decide to forge it, work it hot or it won't want to move. You would start with a substantially smaller blank if forging it.
You would need to cold work it to get some hardness.
That is a lot of grinding, any way You do it. You could mill some of it off if You had access to a milling machine.
That is a huge hunk of metal, is this sword supposed to be like some sort of historical sword, a decoration/wall hanger or what ?