I believe that Adobe has stopped selling versions of Photoshop Elements that are compatible with Big Sur.
Adobe – Adobe Photoshop Elements system requirements
Adobe Photoshop Element 2026 requires at least macOS 14.4 (Sonoma). It also has an artificial time bomb (which Adobe calls a "three-year term license"). That means that Photoshop Elements 2026 will stop working three years after you start using it, even if it is otherwise still compatible with your machine.
Following the links to system requirements for older versions, it seems that the ones that supported Big Sur were
- Photoshop Elements 2023
- Photoshop Elements 2022
- Photoshop Elements 2021
That would leave you with the problem of finding a legitimate copy of one of those applications, and then getting Adobe to let you activate it. Looks like all of those versions of Elements are encumbered by DRM; it would not be enough just to have an original disk if it turned out that Adobe had shut down activation.
The story would be similar for full Photoshop (which for Big Sur, was only available through rental / subscription).
Adobe – Adobe Photoshop on desktop technical requirements