You can bind Win-B to tether Bluetooth.
As suggested by Techie007Techie007 you can create a shortcut by going to "Devices and Printers" right-clicking the phone and selecting "Create shortcut".
Put the shortcut in a directory like "C:\Windows\BluetoothLink" by itself
Install Autohotkey
Right click on the Desktop, and choose "New" -> "AutohotkeyScript"
Enter the following:
#NoEnv ; Recommended for performance and compatibility with future AutoHotkey releases. SendMode Input ; Recommended for new scripts due to its superior speed and reliability. #B:: SetKeyDelay, 200 Run, C:\Windows\BluetoothLink Sleep, 300 Send, {Down} Sleep, 200 Send, {AppsKey} Sleep, 550 Send, {Down} Send, {Down} Send, {Right} Send, {Enter}
Save the Autohotkey script (e.g. Ctrl-S)
Double click the Autohotkey script to run it
Press Win-B, test that it works
Open your startup directory (e.g. press Win-R and type "shell:startup")
Make a shortcut to the Autohotkey script (so that it works even after reboot).
One could perhaps make this fully automatic by scheduling a task on resume but I am not sure I would recommend fully automatic Autohotkey scripts stealing control of your keyboard from you. They tend to be a bit fiddly even when run manually.