First order phase transitions in the early universe could produce a gravitational-wave
background that might be detectable by the Laser Interferometer Space Antenna (LISA). Such an
observation would provide evidence for physics beyond the Standard Model. We study the ability of
LISA to observe a gravitational-wave background from phase transitions in the presence of an
extragalactic foreground from binary black hole mergers throughout the universe, a galactic
foreground from white dwarf binaries, and LISA noise. Modelling the phase transition gravitational
wave background as a double broken power law, we use the deviance information criterion as a
detection statistic, and Fisher matrix and Markov Chain Monte Carlo methods to assess the
measurement accuracy of the parameters of the power spectrum. While estimating all the parameters
associated with the gravitational-wave backgrounds, foregrounds, and LISA noise, we find that LISA
could detect a gravitational-wave background from phase transitions with a peak frequency of 1 mHz and normalized energy density amplitude of Ωp ≃ 3 × 10-11. With Ωp ≃ 10-10, the signal is detectable if the peak frequency is in the range 4 ×
10-4 to 9 × 10-3 Hz, and the peak amplitude and frequency can be estimated to an
accuracy of 10% to 1%.