Cut or bulk??? When you say bulk you don't mean 'shovel sh!t in my mouth all day' do you? But for the wife, as a present, I'd cut. Not to say you can't add muscle and lose some fat though.
Cut or bulk??? IMO I'd say bulk, cleanly, if you cut, you'll look tiny, not enough mass.. I'd understand if you wanted to cut though, as it's always nicer to be lean regardles... But Definitely should look to smash on some more mass IMO and then shred up, you'll look sick then.