Bale was teased by a Real Madrid team-mate prior to the tournament.
Ronaldo's Argentinian rival retired after missing a crucial penalty.
The 18-year-old has starred for Portugal at Euro 2016.
With just four teams remaining, the record of top scorer is still available.
The captain scored the first goal in the shootout.
There are plenty of players and teams to retain your interest in the tournament.
The national side looks better when its captain is less involved.
Six teams were in action on Saturday as the knockout rounds began.
Rafael Van Der Vaart said he couldn't be friends with the Portugal star.
The Portugal star's lack of form has given him insomnia.
Paul Pogba may be on his way to the Bernabeu.
A missed penalty against Austria seemed to sum up his tournament so far.
The football icon launched a bitter attack on the underdog rivals.
Mario Balotelli believes the Portugal forward experiences stress while playing for his country.
Lars Lagerback, Iceland manager, says the Portugal forward is "an excellent actor."
The Real Madrid forward earned $88 million in 2016.
Hafbor Bjornsson plans to give the Portugal star the same treatment as his character gave the Red Viper.
Portugal coach Fernando Santos said the player's stature may put the team at risk.
The England manager wanted his players to face Ronaldo to prepare for Gareth Bale at Euro 2016.
Wolfsburg defender Bruno Henrique said he saw the Real Madrid striker admiring himself.