As per these FAQ's from Apple, downgrading a Beta version of watchOS is not possible:
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Always back up your iPhone, iPad or Mac before installing the beta. Since Apple TV, HomePod mini, and HomePod (2nd generation) data and purchases are stored in the cloud, there’s no need to back up your devices. To use a previously-released version of iOS, iPadOS, or macOS, you can restore your device from the backup that you created before installing the beta. Please note Apple Watch cannot be restored to previously-released OS versions once the beta is installed.
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copied from: Apple Beta — FAQ
To be able to use your Apple Watch, you will have to install the iOS 26 Beta again and pair your watch after that.
Otherwise you will not be able to use your watch until stable versions of the official watchOS 26 and iOS 26 have been released.