ABSTRACT We present galaxy luminosity functions (LFs) for the Dark Energy Spectroscopic Instrument (DESI) DR2 Bright Galaxy Survey (BGS) in the g, r, z, and $w1$ bands over $0.002\lt z\lt 0.6$. Our analysis uses updated k-corrections and evolutionary corrections, including new polynomial kcorrection fits derived from BGS Year 1 data that supersede earlier GAMA-based prescriptions. Exploiting the statistical power of DESI, we measure LFs to very faint magnitudes, reaching $^{0.1}M_r-5\log h\sim -10$. Independent measurements from the North and South survey regions show excellent agreement around the LF knee, but the very small statistical uncertainties reveal that simple analytic forms fail to capture the full LF shape. The bright end departs from a pure exponential decline, while the faint end exhibits complex, non-powerlaw behaviour, including a pronounced upturn at $^{0.1}M_r-5\log h\gtrsim -15$, which is stronger for red galaxies than for blue. We show that our LFs are largely...