On a personal note, we would never do a Bulk Update for any reason, but if that is your preferred method of updating then be aware of this potential problem scenario: If you update 3 plugins at the same time using a Bulk Update and a problem starts occurring then you have 3 possible plugins to troubleshoot. If on the other hand, you update plugins one by one on the WordPress Plugins page by clicking the update now link, quickly check to make sure everything is ok on your website in general and then install another plugin update using the same method then you only have 1 plugin to troubleshoot at a time if a problem does occur.
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