We do support bitcode and it is enabled by default @Nanda Ballabh.
Bitcode is enabled for iOS - an example xcode build line : xcodebuild -project ${PROJECT} -target WowzaGoCoder -configuration Release -sdk iphonesimulator BITCODE_GENERATION_MODE=bitcode
If you are seeing errors, please submit a support ticket and we can take a look at your config and logs.