Bash's history only store executed commands, not their output, and only a limited number of them (usually 500, as defined by environment variable HISTFILESIZE
). This won't help in your situation.
From what I can see, it appears that Terminal store save window's state (including console history) inside directory /Users/<user>/Library/Saved Application State/com.apple.Terminal.savedState/
. Files in this directory are modified in real time whenever new events occurs in the terminal window, and unless I am mistaken, should be included in Time Machine backups. Therefore, it seems that if you can restore files in this directory from some former backup, you should get back your history. You could even try some "file undelete" tools in that directory, though these tools are rather rare on OS X.
The procedure for this should be that you first quit Terminal, then restore the whole directory (for example using Time Machine), then simply launch Terminal. These saved state files use a custom binary format, that you can't be read otherwise than by the Terminal program itself.
By the way, it might be worth mentioning that you can, at anytime, save the content of a Terminal window to a text file, from the Shell menu. You might consider doing it periodically, in the future, given that your terminal's history appears to have some significant value...