Depends on where you are at, tbh. If you're already holding on to some weight like 25% bodyfat then lose some before a bulk.
If you are relatively lean, don't worry so much.
If you are doing to cut, cut. Don't short change it. When you drop down to say 13% bodyfat then move to a bulk, you are in an ideal building range according to SCIENCE.
Allegedly the best range for a bulk is 10-15% bodyfat before your BF starts working against lean muscle gains. Everyone else usually floats up to 18-20. Above that I would consider the science behind the bulk that dictates you will spin your wheels and a majority of weight after will be fat.
If you're not building naturally, ie - on gear - the infinite is possible. But when you're clean - the body takes over and there's little you can do to change how your body begins to store fat vs build muscle.
People regularly cut down to 10% to immediately start bulking again with zero maintenance due to how quickly your body snaps back to add muscle. The inverse is true for cutting, changing directions quickly.
BUT - you need to read your body and see how it responds. Research, studies, etc will tell you one thing but your body will tell you something else.
If you are average size, don't sweat it, bulk. If you're a bit on the fluffy side, might want to lose some first as extra fat during a bulk is inevitable.