Java 8 presents Optional class.
Before (Java 7):
Order order = orderBean.getOrder(id);
if (order != null) {
order.setStatus(true);
//Can we return from method in this plase (not from lambda) ???
Lambdas do not implement "non-local return" semantics, therefore the answer is no.
Generally, since you need side-effectful action in both the case where the value is present and not, a branching point in the code is essential—whether you wrap it in some fancy API or not. Also, FP generally helps improve referentially transparent transformations (i.e., code built around pure functions) and not side effects, so you won't find much benefit by going through the Optional API.