There are many types of blisters, so it may be worth getting an expert to look at them. Typically the Pearson layup is very good, so the problems are likely to be shallow. In some cases - if you are lucky - the blisters are caused simply by too many layers of bottom coat, without correct sanding between layers. If you are less lucky...the deeper they get, the more difficult to repair.
As a rough guide, if the blister pops fairly easily, it is likely in the paint. If it required some effort, and has a vinegar (acid) smell, it is likely to be deeper. Be careful, as if it is deep, it can be under pressure, and spray acid at you!!
A friend bought a boat where all the blisters were in the paint. He burst them, leaving small depressions - barrier coat sound underneath - and, after putting the new bottom coat in, kept sailing. It wasn't pretty, but he wasn't racing, so a few depressions made no difference to him!
The best process is as outlined by Ed - starting with a soda blasting, and then the next steps should be clear. If you are lucky, repainting could be all that is needed. Otherwise grind out, dry out, rebuild, fair, repaint.
Good luck!~