After 1.14.4, I'm aware that the rendering engine for Minecraft had been updated and along with the update came many visual issues which of course were fixed, but some remain. One of these such issues that have remained I've come here to report. The affected version I'm playing in is 1.15.2 to where bubble columns are not properly being displayed within water.

This is a screenshot of a bubble column in 1.15.2. The bubbles are completely cut off, and are not displaying in the water as they normally would

This is a screenshot of a bubble column before 1.15.2, in version 1.14.4....

Too eliminate any doubt, I've tested to see if this was client-side or server-side and this was not the case, texture packs were also not responsible. In these screenshots, although there is only soul sand present, I can confirm this also affects water sources with magma blocks beneath them too.