I think this is not the right views set-up for what you want to display, you have done wrong field selections. To see direct solution scroll down to Solution section.
What is the Issue:
If you see your views field setting it is like as follows,
- Content: title
- field collection item: Bubble title
- field collection item: Bubble image
- Content: Body
- Content: Link
So, here in above view set-up the field collection item
is just one field, so through views you are just accessing one field, hence, the concept of field collection module dies here. Here, it is just a field which you are accessing through the Relationship
.
Now, why you are observing what you are observing in the view,
Your Node: Following is the correct representation of your Node, Not what you have shown in your Question. Your node has FIVE main fields- and whatever inside the field collection field are field-in-field.
1. title
2. field collection
2.1a field collection 1 image
2.1b field collection 1 text
2.2a field collection 2 image
2.2b field collection 2 text
2.3a field collection 3 image
2.3b field collection 3 text
3. body
4. text
5. link
Now, you have set your views like as follows,
1. Content: title
2.xx field collection item: Bubble title
2.xx field collection item: Bubble image
3. Content: Body
4. Content: Link
I think by this time you would have understood why you are getting what you are getting in views.
Let me explain:
Cycle:1 Views start the first cycle and iterates from its Fiest field to Fourth field, so it will showing following fields:
1. Content: title
2.1a field collection item: Bubble title
2.1b field collection item: Bubble image
3. Content: Body
4. Content: Link
Cycle:2 Now, views works stops there, But wait, Views discover that another 2.xx and 2.xx are there on node, So it starts second cycle so again from TOP to Bottom,
1. Content: title
2.2a field collection item: Bubble title
2.2b field collection item: Bubble image
3. Content: Body
4. Content: Link
Cycle:3 Then again third cycle, So that why you are getting this,
1. Content: title
2.3a field collection item: Bubble title
2.3b field collection item: Bubble image
3. Content: Body
4. Content: Link
So whatever views are showing it showing correct as per your field selection, But that is not what you want, please see the solution in following section, it is very simple.
Solution:
The solution is very simple: You just need a field which represent the entire field collection of that node and luckily that is present in views.
- Remove the relationship: You do not need the relations ship.
- Modify the field: Instead of selecting individual field, select entire field collection which you can find as Content:nameOfFieldCollection. in my case it is FC101.

Example:
I have created Content type with:
1. Title
2. Body
3. Field collection(FC101)
- Image
- text
- Image
- text
- Image
- text
4. Body2
My views set-up:

Output in VIEW:
1. Title
2. Body
3. Field collection(FC101)
- Image
- text
- Image
- text
- Image
- text
4. Body2