The subject of a gas jet generated by underwater detonation is an important issue in the field of underwater propulsion. The experimental system of underwater detonation is established, which utilizes a high-speed camera to record the morphological changes in bubbles and various pressure sensors to measure the flow field pressure. The effect of nozzles and the pressure of the flow field are analyzed thoroughly. The comparison of the bubble and field pressure shows that the shrinking nozzle increases the peak pressure of the transmitted shock wave generated by underwater detonation compared with that of the straight nozzle. Simultaneously, the water–air mixing phenomenon caused by the gas jet is enhanced. Under the influence of the reflected shock wave and the converging angle of the nozzle, the pulsation process of the bubble is inhibited enormously, which results in the bubble energy being substantially below that of the straight nozzle. The bubble pulsation period is 24.2 ms when the shrinking nozzle is installed, and the pressure of the bubble pulsation is quite small, only 9.8 kPa. On the contrary, the expansion angle increases the velocity of the gas jet, suppressing the water–gas mixing phenomenon while enhancing the bubble pulsation process. The bubble pulsation period is 33.0 ms when the expanding nozzle is equipped, which is larger than the 31.2 ms of the straight nozzle and the bubble pulsation pressure is higher, at 26.1 kPa. Although the bubble energy is increased when the expanding nozzle is installed, thus generating a higher pulsation pressure, the peak pressure and direction of the shock wave are changed in the water.