When you say "bubbles", are you talking airlock activity? If so, is there still a good kraeusen forming?
I have heard that if your fermenter is almost perfectly airtight, but not quite, you can get a situation where when there is a huge amount of CO2 escaping, the bubbler is still the path of least resistance; but when there is a somewhat less (but still very active) amount of CO2, most of it can make it through the pinhole. Or alternatively, the pressure of the CO2 buildup could have enlarged a small leak.
If you are fermenting in a bucket, it is very likely your fermenter is not airtight. Which is absolutely not a problem; bacteria cannot get in there. Even if you are using a carboy, the bung might not be a perfect fit or something. If you are getting a good kraeusen, it is nothing to worry about; a lack of bubbles in the airlock means nothing. If you are really concerned about it, take a hydrometer reading on back-to-back days. If it is going down, then the yeast are working.
As to the OP... yeah, there's no way yeast can survive 150F. I've rehydrated as hot as 110F and gotten away with it, and once making bread I think I even rehydrated some yeast in water that was like 120F. Supposedly they can -- at least in theory -- survive up to 140F.
It's probably worth taking a hydrometer reading, as others have suggested, just to make sure. But your yeast is probably dead. No worries, repitch, live, and learn.