A stable multiwavelength fiber laser was proposed and demonstrated using a bismuth-doped fiber together with an all-fiber Lyot filter. The proposed multiwavelength bismuth-doped fiber laser (BDFL) spectrum can generate up to 21 output channels between 1309.88 nm and 1313.69 nm by carefully adjusting two polarization controllers (PCs). The multiwavelength BDFL shows good stability over time with a signal-to-noise ratio (SNR) of 48.69 dB, contributing to the average power fluctuations of 0.6 dB and wavelength drift of less than 0.1 nm in the laser output. In addition, the multiwavelength BDFL exhibits a free spectral range (FSR) of about 0.192 nm and a frequency bandwidth of 33.45 GHz. The characteristics of the multiwavelength BDFL can be observed by varying the pump power of the pump source, lasing output at different lengths of polarization maintaining fiber (PMF), and the generation in multiwavelengths using additional single mode-fiber (SMF).