Because of wake instability, bubbles always ascend along an unstable path, which is not considered when simulating their movement in steel refining and continuous casting systems. Utilizing the 3D shadow image method, a quantitative characterization of the bubble trajectories is conducted to establish a bubble path oscillation model considering the zigzag lateral movement of bubbles due to asymmetric wake shedding. This model is incorporated into a rectilinear bubble motion model within the Lagrangian framework and then used to simulate the free ascent of single bubbles within the 2.15–2.55 mm range. The predicted bubble ascent velocities and trajectories agree well with the experimental. The spatial position, velocity, acceleration, forces, volume swept by bubbles, and bubble residence time are discussed. The results shown that the dominant force in the horizontal direction is the lateral force, followed by the drag and virtual mass force. Compared to the rectilinear path model, the volume swept by bubbles with initial diameters of 2.15, 2.25, 2.34, 2.45, and 2.55 mm in this model increases by 30.8%, 32.0%, 34.0%, 31.5%, and 29.6%, respectively. These findings help accurately predict the path of bubbles and also may contribute to a better understanding of bubble dynamics in bubble metallurgy and clean steel production.