Bleached bamboo fiber was treated with a high pressure enzymatic hydrolysis (HPEH) process in order to produce microfibrillated bamboo fiber (MBF). Mixture design of experiments was utilized to determine the optimal constituents of fiber, enzymes, and water for the HPEH process on the isolation yield of the MBF. Results showed the optimal combination for the maximal yield isolation of the MBF was 1 g fiber, 1 g enzyme, and 1 L water at 90 MPa and 70 °C. The influence of the reaction time of the HPEH process (6 to 48 h) was also evaluated in this study. Morphological and thermal property analyses of untreated and treated bamboo fibers revealed that the HPEH process was effective for removing non-cellulosic components from the fibers. Thus, the HPEH process is an effective method for the isolation of the MBF, with the benefits of elevated crystallinity and thermal stability.