The bed looks grey in the picture. Go with A different shade of grey. You can do light grey throughout the room. Or light grey with the opposite wall in dark grey as an accent wall. White baseboards will set it off very well.

How much light do you have? There are so many ways to go with this ... a softer gray, a clean white, a deep grayed blue ... love that bed!

Try SW repose gray all around the walls. I am not a big fan of accent walls , unless its done rightly. white baseboards for sure and white crown molding.

Depending on the other elements in the bedroom, what other furniture will be sharing the space? Hardwood floor, rug? Lots of windows or maybe not so much? My first reaction to the shape of the bed and to that upholstery color is to go with a very light, pale green. The bed in the image is quite different but I would actually prefer to see yours in there instead.

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If replacing the other furniture be sure to only bring back in what you really need. Keep the nightstands simple and smaller in scale. Are both the dresser and armoire really necessary? Pick one. Consider supporting a local furniture designer or design school student. Tables are a great way for them to share their talent.