Optical media don't even have a bitstream. When you dd from something other than a CD-ROM, it's not clear what you're getting. You might just get an error saying it's not a CD-ROM. Different kinds of CDs use completely different encoding layers in between "the bitstream" and the actual pattern of dots engraved on the disk. Obviously a CD-ROM has "a bitstream" because it's designed purely for computer use and the computer wants to see it as a bitstream, but for other kinds it's not so clear.

You can't fast-forward or rewind an audio CD in a CD player is that the CD player has no idea which sector it's on. At most it can just count how many seconds of audio it's played so far. It just keeps the laser locked on to the spiral, and keeps playing as long as the data keeps coming. And there's some kind of skip code for tracks so you can skip to a track number, but only for tracks. If it accidentally skipped over a bit of audio it would have absolutely no way to know, that's why programs like cdparanoia employ so many heuristics to know they got it right. A CD-ROM by contrast has a sector number on every sector, because that's non-negotiable for computers.