Agricultural runoff, fuel spillages, urbanization, hospitalization, and industrialization are some of the serious problems currently facing the world. In particular, byproducts that are hazardous to the ecosystem have the potential to mix with water used for drinking. Over the last three decades, various techniques, including biodegradation, advanced oxidation processes (AOPs), (e.g., photocatalysis, photo-Fenton oxidation, Fenton-like oxidation, and electrochemical oxidation process adsorption), filtration, and adsorption techniques, have been developed to remove hazardous byproducts. Among those, AOPs, photocatalysis has received special attention from the scientific community because of its unusual properties at the nanoscale and its layered structure. Recently, bismuth based semiconductor (BBSc) photocatalysts have played an important role in solving global energy demand and environmental pollution problems. In particular, bismuth-based Z-scheme heterojunction (BBZSH) is considered the best alternative route to overhaul the limitations of single-component BBSc photocatalysts. This work aims to review recent studies on a new type of BBZSH photocatalysts for the treatment of contaminated water. The general overview of the synthesis methods, efficiency-enhancing strategies, classifications of BBSc and Z-scheme heterojunctions, the degradation mechanisms of Z- and S-schemes, and the application of BBZSH photocatalysts for the degradation of organic dyes, antibiotics, aromatics compounds, endocrine-disrupting compounds, and volatile organic compounds are reviewed. Finally, challenges and the future perspective of BBZSH photocatalysts are discussed.