Cobalt carbonate hydroxide has been widely used in supercapacitor electrodes because of its excellent theoretical electrochemical properties and easy synthesis. However, in actual synthesis, its excellent electrochemical properties are often weakened due to its oxide-like properties, which restricts its further development. Herein, the Bi heteroatoms are introduced into the Co(CO3)0.5(OH)·0.11H2O, which not only modifies the microstructure, but also induces the formation of quantum dots, thus improving the performance of supercapacitors. By regulating the doping amount of Bi, the optimized Co/Bi-3:1 exhibits a specific capacitance of 680 F g−1 at 1 A g−1, which is 5.74 times than the pristine Co(CO3)0.5(OH)·0.11H2O. Furthermore, the assembled Co/Bi-3:1//activated carbon soft-pack asymmetric supercapacitor has a relatively superior power density (10547.58 W kg−1, relative to 14.06 Wh kg−1 energy density) and energy density (17.83 Wh kg−1, relative to 2146.76 W kg−1 power density). The present study demonstrates that Bi doping not only facilitates the formation of quantum dots and enhances electron conduction ability, but also regulates the microscopic morphology, thereby enhancing the electrochemical energy storage capacity of cobalt carbonate hydroxide hydrate electrode materials.