I don't like the sound of this.
If you coolant system is bled, and full, there should be no bubbles or intermittent overflows from the coolant reservoir. If there are, you should have a look at your plugs. A very clean plug shows you which cylinder is ingesting water, from a bad head gasket or worse.
However, I'm something of an alarmist in these things. Proper procedure for bleeding (which some of us have to do several times to get it right) is to have the front of the car higher than the rear. It helps get the bubbles out, as long as they aren't exhaust gas from a bad gasket.
Try the lesser things first: belt and tstat.