The past few decades have witnessed the rapid advancement and broad applications of flexible bioelectronics, in wearable and implantable electronics, brain‐computer interfaces, neural science and technology, clinical diagnosis and treatment, etc. It is noteworthy that soft and elastic conductive hydrogels (CHs), owing to their multiple similarities with biological tissues in terms of mechanics, electronics, water‐rich, and biological functions, have successfully bridged the gap between rigid electronics and soft biology. Multifunctional hydrogel bioelectronics, emerging as a new generation of promising material candidates, have authentically established highly compatible and reliable, high‐quality bioelectronic interfaces, particularly in bioelectronic recording and stimulation. In this review, we summarize the material basis and design principles involved in constructing hydrogel bioelectronic interfaces, and systematically discuss the fundamental mechanism and unique advantages in bioelectrical interfacing with the biological surface. Furthermore, an overview of the state‐of‐the‐art manufacturing strategies for hydrogel bioelectronic interfaces with enhanced biocompatibility and integration with the biological system is presented. This review finally exemplifies the unprecedented advancement and impetus towards bioelectronic recording and stimulation, especially in implantable and integrated hydrogel bioelectronic systems, and concludes with a perspective expectation for hydrogel bioelectronics in clinical and biomedical applications.This article is protected by copyright. All rights reserved