They absolutely do, for indirect reasons:
> Generally it's a lot easier just to press the brake
Maybe easier, but it hardly seems fair, nor realistic.
With a bit of experience, you can tell when pedestrians are likely to stumble onto the bike lane without looking. Then you have two choices: Significantly reduce your speed, or ring your bell first and only reduce speed if they still haven't noticed the oncoming bike.
If you only reduce speed, you'll be traveling at a very low average speed, and time is money (especially for bike delivery workers, but I also hate having to sharply decelerate for people glued to their screen or otherwise completely unaware of their surroundings even if I'm not in a rush), so you can take a guess as to whether "just reducing your speed" is practicable.