A flight instructor reported a NMAC while on final approach to a non-towered airport with an aircraft landing opposite direction not communicating on CTAF.

Narrative

On a time building flight; we were going from ZZZ TO AXV; about 7 miles NW from AXV we got off flight following and switched to AXV CTAF and made our initial radio call to land Runway 08 for 45' left downwind entry. Winds were 080 roughly 8knots. We made standard radio calls 5 miles out; joining downwind and base; final. As we turned final we had another aircraft indicating same altitude 500agl; 1400MSL; ESE 1 1/2 to 2 miles on ADSB; we hadn't heard any radio call from that aircraft; but we were expecting him to be a small aircraft that's probably going to cross midfield at a lower altitude that usual; we had been monitoring as we were entering on downwind and the other traffic was -300 TPA (Traffic Pattern Altitude) about 5 miles ESE. As we continued our descent on final we saw the other traffic on final on the opposite end of the runway we were landing on; other traffic on final on Runway 26. I immediately executed a go around climbing to the right; we were about 200agl when we did our go around. Upon going around traffic looked like they were also going around or looked like they were targeted at us but shortly we saw them on the runway; not sure if it was a illusion or other aircraft initially leveled off or thought about going around. We made an immediate turn to the SE before and once we verified traffic was on ground and no factor we rejoined the left pattern and climbed out; departing to SW