Editing to update: moving from 3 to 4 stars.
We tore down the bubbling paper and reordered all new rolls. This time, before applying the wall was heavily sanded and then topped with a thin coat of fresh paint. We also ordered a spray specifically for peel and stick paper to help with the adhesion to the walls. It worked great! I don't remember having to do this much prep work the first time in our old house which is why it wasn't done this much in our new home. But it worked! We're a week out from reapplying and there are zero bubbles.
I feel I have a love/hate feeling towards this paper. The print is stunning so much so that I've now purchased it twice for my bedroom. The first time in our old hous and now again since we moved. The first time I did not order the paper from Wayfair. It went on great and is still sticking strong after 3+ years. However, the wallpaper contracted so now there's gaps at the seams when there weren't any when I first hung it. This most recent purchase was from Wayfair. I made sure to overlap the seams to prevent gapping but several panels would not stick and bubbles formed on almost every panel. I'm not sure if the glue changed in the few years or if Wayfair gets a different batch than smaller wallpaper companies or if it was the paint on the wall it was going on that caused it not to stick as well and bubble. Either way, I'm a few days outside the return window because I purchased it before we moved so we'd be ready to hang it once we moved in the new home which was this weekend. You can't see the bubbles in the picture but it was very obvious in person.