If we idealize the scenario enough, this is a simple exercise in differential equations, so let's get to work. First, we know that it's initial speed is $150 \text{ m/s}$, but that is by no means its final speed - obviously, the bb slows down as it travels through air! Let's suppose that the moment the bb exits the barrel, it is no longer being pushed (as Steevan pointed out). So, the only force acting on it is air resistance. So the question is, why does the bb slow down significantly with distance traveled - we can determine this exactly, assuming the model is correct.
Now, the model you are using (apparently) for air resistance is given as
$$F_d = \frac{1}{2} pv^2C_DA.$$
We want to see how the velocity changes as a function of distance! But we know Newton's second law, so we can write that
$$F = m \frac{dv}{dt} = m \frac{dv}{dx} \frac{dx}{dt} = m v' v$$
where $v$ is now a function of distance (this uses the chain rule - hope you're comfortable with that!).
Now, we can write our differential equation:
$$mv'v = -\frac{1}{2} pv^2 C_DA.$$
Note - there is a negative sign there because the force opposes the direction of motion. That is, the force points backwards, and the particle has a positive (forward) velocity. Simplifying, we get
$$v' = -\frac{1}{2m} pC_DAv.$$
Now this is a simple differential equation to solve: we separate variables, i.e. $\frac{v'}{v} = -\frac{1}{2m}pC_DA,$ and then doing some more chain rule magic, we end up with
$$\frac{dv}{v} = -\frac{1}{2m}pC_DA \, dx.$$
Now we can integrate both sides and find our solution:
$$\int_{v(0)}^{v(x)} \frac{dv}{v} = -\frac{1}{2m} pC_DA \int_0^x dx,$$
or
$$v(x) = v(0)\exp{\left(-\frac{1}{2m} pC_DA x\right)}.$$
Finally, we can plug in the initial condition, that at $x=0$, the speed is $150 \text{ m/s}$:
$$v(x) = (150 \text{ m/s}) \exp{-\left(\frac{1}{2m} pC_DA x\right)}.$$
Finally, for a numerical answer, you may want to plug in your known constants. Unfortunately, for this you need to know the mass of the bb! For the sake of argument, let's assume a mass of $0.12 \text{ g}$, the most common mass for airsoft bbs, according to Wiki - Airsoft Pellets. So, we can now calculate the speed of the bb as it travels, knowing that $\frac{1}{2} pC_D A = 0.00817 \text{ g/m}$!
So now we have a function for velocity:
$$v(x) = (150 \text{ m/s}) \exp{(-0.0681x)}.$$
For example, to find the distance at which the speed drops by half, we would solve
$$75 \text{ m/s} = (150 \text{ m/s}) \exp{(-0.0681x)},$$
which yields a distance of approximately 10 meters.
Now you see why the bb slows down significantly with distance - it's exponential decay, which tends to decrease the quantity a large amount at first, with the amount of decrease decreasing over time (or in this case, distance).
it seems that a bb slows down significantly with the distance it travels
I assume you have some data to be able to say this - Find out from this data what the deceleration actually is and compare with the force you found. Maybe it matches $\endgroup$