Microbubbles acting as lenses are interesting for optical and photonic applications such as volumetric displays, optical resonators, integration of photonic components onto chips, high-resolution spectroscopy, lithography, and imaging. However, stable, rationally designed, and uniform microbubbles on substrates such as silicon chips are challenging because of the random nature of microbubble formation. We describe the fabrication of elastic microbubbles with a precise control of volume and curvature based on femtosecond laser irradiated graphene oxide. We demonstrate that the graphene microbubbles possess a near-perfect curvature that allows them to function as reflective microlenses for focusing broadband white light into an ultrahigh aspect ratio diffraction-limited photonic jet without chromatic aberration. Our results provide a pathway for integration of graphene microbubbles as lenses for nanophotonic components for miniaturized lab-on-a-chip devices along with applications in high-resolution spectroscopy and imaging.