We demonstrate experimentally all-optical bistable operation in an InP-based two-dimensional photonic crystal slab lying on top of a Bragg reflector. Bistability is obtained around 1550nm, using a low group velocity mode at the band edge of the photonic dispersion characteristic. The origin of the bistable regime is shown to be the fast (275ps relaxation time), electronically induced nonlinear refraction index. A low intensity threshold of 4kW∕cm2 was observed, with a contrast of 65% between the high and low reflectivity states.