You can fully anneal it to get it relaxed again, but the schedule for it would probably have it at a temperature that it could decarburize. You'd need steel foil to do it, and all of the W1 schedules (and probably O1, too) want the steel soaked at 1400 or so degrees for a half hour, and then very slowly reduced.
Temper temperature is going to depend on how much carbon is in the steel. I incorrectly guessed that the temper temperature would be as low as O1 - if it's 1%, it can get to 500 degrees and still be almost 60 hardness.
Proceeding at small intervals for an hour per is a better idea, though, in case it has more carbon than that.