Usually, a bubble defect in color film results in a "," or comma defect or a double comma with a tail up and down. So, no I don't really believe it is a normal defect. It probably would not get by Fuji inspection, but this is not unknown to happen at Fuji or Kodak. I merely mention it.
It looks somehow like a process problem more than a coating defect, but if you see the comma shape or comet shape, then it is a coating defect. If it is round, then it must be air bubbles somehow reforming on the coating.
PE