Answer:
The second friend is mostly correct.
Explanation:
When pressure decreases, gas solubility decreases. The bubbles are gas molecules that were dissolved in the water at atmospheric pressure. The bubbles started coming out as a result of the decrease pressure. The second bubbles would be water vapor because as the pressure continue to decrease, the amount of vapor pressure ( vapor leaving the surface of the liquid ) equals the external pressure and water begin to boil. So the second bubbles must be water vapor.