golfscript, 46 bytes

Result

AC

Code [DL]

"\n"/{{48-}%2base 1 or}%{8*1+.,{.*1$=},,\;}%~;

stdin

00001010
00000001
11110101
01000010
11000000
01101001
11010010
00101101
10000101
01100110
01110101
11111101
00100110
00011100
10100000
00100101
00010101
01001110
11110011
10011001
11110100
10001110
01011011
01011010
11101100
10011101
10001001
00001111
11100111
10111110
00100100
00000000
10111111
10001000
11011111
00000110
11001000
00000011
11001110
00011110
00101101
00110111
00110110
00100001
10101011
01100101
01101001
01111000
01011111
11100110

stdout

11010111000101001101001000011111010101001100101100

stderr

strace