In this paper, we pay our attention to the multiscale kalman algorithm based on correlation structure of the discrete wavelet coefficients for the restoration of the GPS common-view observation data. Based on the hypotheses of that the GPS common-view observation data being pretreatment possess of 1/f fractal characteristics. In this condition, we estimate the Hurst parameter of GPS clock difference data based upon the wavelet transform. When 0 < H < 1, the GPS clock difference data is taken for as a Gaussian Zero-mean nonstationary stochastic process which can be considered having the 1/f fractal characteristics. So, we can talk about the correlation structure of the discrete wavelet coefficients. During the course of the estimation of the GPS common-view data with the multiscale kalman bank, we process the single-channel and multi-channel common-view observation data, respectively. Comparisons between which results and circular T demonstrate our algorithm's feasibility and effectiveness.