My camera sucks, but after some research that had pics attached, the follwing is definitely the type of bubble algae I have:
Valonia aegagropila forms small, densely packed, single-cell bladders with a tendency towards a long, distorted, curved-sausage shape. The dark- to olive green, clear vesicles, grow to about ½ inch length and maybe 1/6 inch width. The vesicles are NOT singular, branching off into successive tiers of bladders, up to five sprouting from the top of each. This branching can be difficult to detect visually, given the often very tight clustering of the vesicles. This alga is found widespread in the Western Pacific from Australia up to Japan, throughout the Indian Ocean and the Caribbean, about the Canary Islands in the Atlantic and into the Mediterranean The dense packing of vesicles can make careful manual removal of them difficult, though the anchorage to substrate is only moderate on strength.