Lol I think this is free for Rachel. Granted I only played one good Bullet (offline), but he said "fuck this matchup" and switched to Valk. Bullet has a hard very time approaching Rachel and B lotus just makes things worse. I had a much, much, easier time fighting Bullet with Rachel rather than my own Valk (a matchup which is probably 5.5 for Bullet), which is personally meaning a lot to me. I will agree this is not a real argument though and tbh I don't have much to say right now since I believe Rachel's tools naturally shut down characters like Bullet so I'd rather wait for your post and see if that will change my mind. I can understand why she can be hard to deal with once she's in but I don't think that's enough to justify having a bad matchup. To the extreme I would say this is even, though for now I say easily in Rachel's favor.
Also, watching N-O vs Bullet is usually pretty sad (despite his overwhelming skill he makes it fairly easy to understand match-ups imo).