Underwater bubble plume images contain a wealth of information on wave field and flow characteristics, which can provide valuable research data for marine development, environmental protection, and underwater surveys. However, based on fusing image features and wave field environment features, identifying accurately the underwater bubble plume is still very difficult. In order to improve the accuracy and robustness of bubble plume identification in complex underwater environments, an underwater bubble plume recognition algorithm based on multi-feature fusion understanding is proposed. In this paper, a weight-independent dual-channel residual convolutional neural network (CNN) for feature extraction of the original optical images and the nonsubsampled contourlet transform (NSCT) low-frequency images, and the multi-scale composite feature map groups are generated. Then adaptive fusion is performed based on the feature contribution of the target in different types of images. Next, logical region of interest (ROI) masks are generated by the attention mechanism and superimposed on the fused image to further highlight the target features. Finally, the multi-scale dual-channel fused feature maps containing ROI masks are used for underwater bubble plume target recognition. The experimental results show that the designed recognition network can effectively fuse the features of the original optical images and the NSCT low-frequency imagers, improve the depth of information fusion, and retain the target texture features and the morphological features while reducing the interference of the background information, and have good recognition accuracy and robustness for multi-scale bubble targets in the underwater environment.