Deku might be completely shocked at first. Since Bakugou has always been so aggressive towards him, he would never expect such a confession. He might just stand there, mouth agape, not knowing what to say.
He might cry a lot. Deku is very emotional, and being cheated on would be a very painful experience for him. He could also get angry, which is rare for him, but this situation would be so unjust that he might not be able to hold it in. He'd probably start to question his self - worth too, thinking that there was something wrong with him that made his partner cheat.
Deku might be initially shocked. He's used to Bakugou's aggression, but an actual injury is different. He could be in pain and disbelief at first. Then, he might try to downplay it, especially if he doesn't want to cause trouble for Bakugou, because Deku is generally a very forgiving character.
Well, some might be really amazed. They could see a new side of Deku that they never knew before. His singing might show a different level of confidence or a hidden talent, so they would probably cheer him on.
Some characters might try to understand Deku's motives. Kirishima, who was close to Bakugou, would be angry at first but might also try to find out if there were any extenuating circumstances. However, many would be afraid of Deku, seeing him as a threat now that he has killed one of their own.
Uraraka would be heartbroken. She was one of Deku's closest friends. She might lose some of her usual cheerfulness and become more focused on finding out who or what was responsible for his death. She could also struggle with her own self - confidence in using her quirk, as Deku was always an inspiration to her.
Bakugo would likely be furious. He'd feel betrayed and would probably be the first to attack Deku, yelling at him about how he's thrown away everything they've worked for. Uraraka might be more empathetic. She'd try to understand what drove Deku to become a villain and hope there's a way to bring him back to the side of good.
Deku's experiences with being bullied for not having a quirk. This would be important because it shaped Deku's character and his insecurities. Aizawa might focus on this to better understand the root of Deku's drive and his sometimes over - eager nature to prove himself. It also gives Aizawa more insight into why Deku is so desperate to be a hero despite the odds.
Bakugo would be deeply affected. He might initially deny his feelings, but then would be filled with guilt for all the times he was mean to Deku. He could become more withdrawn and focused on becoming a hero worthy of Deku's sacrifice.