Flotation machines and flotation columns are widely used as separation equipment for coal sludge. In order to obtain better flotation results for different particle sizes, the bubble distribution and size in the flow field need to be studied. In this paper, a novel three-phase fluidized bed flotation column (TFC) was designed, and the shear effect of liquid velocity (0.198 m/s, 0.226 m/s, and 0.254 m/s) and static bed height (0.1 m, 0.2 m, and 0.3 m) on the bubbles in the mineralized flow field region was investigated and evaluated for the formation of bubbles by shear in laboratory and semi-industrial experiments. The results show that the increase in filling bed height has a very obvious strengthening effect on the reduction of bubble diameter, and after the filling bed height reaches a certain value, the filling bed height will weaken the effect of apparent gas velocity on bubble diameter. The apparent gas velocity has different influencing effects on bubble diameter, and under conditions of low water velocity, the increase in the apparent gas velocity contributes to the reduction of bubble diameter. The conclusions of this study are expected to optimize the operating parameters of the flotation mineralization process and enrich the study of TFC, which can provide a reference for the design of future TFC studies.