  We present the classification of 26 optical counterparts to X-ray sources
discovered in the Galactic Bulge Survey. We use (time-resolved) photometric and
spectroscopic observations to classify the X-ray sources based on their
multi-wavelength properties. We find a variety of source classes, spanning
different phases of stellar/binary evolution. We classify CX21 as a quiescent
cataclysmic variable (CV) below the period gap, and CX118 as a high accretion
rate (nova-like) CV. CXB12 displays excess UV emission, and could contain a
compact object with a giant star companion, making it a candidate symbiotic
binary or quiescent low mass X-ray binary (although other scenarios cannot be
ruled out). CXB34 is a magnetic CV (polar) that shows photometric evidence for
a change in accretion state. The magnetic classification is based on the
detection of X-ray pulsations with a period of 81 $\pm$ 2 min. CXB42 is
identified as a young stellar object, namely a weak-lined T Tauri star
exhibiting (to date unexplained) UX Ori-like photometric variability. The
optical spectrum of CXB43 contains two (resolved) unidentified double-peaked
emission lines. No known scenario, such as an AGN or symbiotic binary, can
easily explain its characteristics. We additionally classify 20 objects as
likely active stars based on optical spectroscopy, their X-ray to optical flux
ratios and photometric variability. In 4 cases we identify the sources as
binary stars.
