Agree, but a collision even for md5 is a relatively rare event. When brute-forcing the bcrypt hash, this would reduce the attempts you would need to try against a given hash, but only by a very small factor. With a reasonable work factor, I would assume it would still make a brute force attack impractical at scale.
I didn't do the test, but I'd expect that there wouldn't be more than a handful of collisions for the md5 of the 100m most common passwords.
[edit] I actually I just did the test on this 10m password list and no collision
https://xato.net/today-i-am-releasing-ten-million-passwords-...