I have scenario in which I need to display text in which I need to show button once click on button it show video in pop up.
Is it possible in office 365 SharePoint? I can able to do text with link only but I need button click popup.
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It is not possible to show the dialog/pop up on button click using out of the box functionality.
If you are using text web part then you can create a hyperlink which will open a video/link in new browser tab Or you can use button web part to show button & open link in new tab (This is what you can achieve using out of the box web parts & not dialog/pop up).
You need to develop a custom solution using SPFx as per your requirememts.
Documentation: Overview of SharePoint Framework