How can I 3D-rotate an image around the y-axis in Photoshop?

Solution 1:

You should be able to simulate the effect by applying a perspective transformation.

The option is Edit > Transform > Perspective or you can grab a corner with Ctrl + Alt and then hold shift down while dragging

Source

Solution 2:

If you do actually want to rotate the z axis to create a 3D effect you must have Photoshop CS4 Extended or higher to do this:

  1. Select your layer, then the 3D menu (inbetween Analysis and View), and New 3D Postcard from Layer
  2. Toggle the 3D rotation tool, which is 4th from the bottom or press K for its shortcut key
  3. Rotate away