Organic bipolar electrodes can undergo both n‐type and p‐type reactions for energy storage due to numerous active sites, which can usually deliver a high theoretical specific capacity. Herein, a new bipolar polymer cathode material PQPZ is designed and synthesized. The electron‐donating phenazine group undergoes a two‐electron redox reaction which can store anions, the electron‐withdrawing phenanthraquinone can store sodium‐ions through a two‐electron redox reaction. Notably, as a bipolar cathode material for sodium‐ion batteries, PQPZ exhibits a reversible specific capacity of up to 270 mAh g−1 in the voltage range of 1.0–4.0 V (vs. Na+/Na) and achieves a high energy density of 696 Wh kg−1 in a half‐cell. A capacity retention rate of 90% is obtained after 300 cycles at a current density of 0.5C. More excitingly, even after being cycled for 10000 cycles at 10C, the PQPZ electrode shows an average decay rate as low as 0.0036% per cycle, manifesting a very stable cycling performance. In addition, PQPZ also shows excellent performances when tested at −10 °C, making it promising in practical applications. Considering the bipolar character of PQPZ, symmetric batteries are also successfully constructed, fulfilling the “ready‐to‐charge” property without a pre‐activation process. The results reveal the potential application of PQPZ in practical use.