A bicycle control device is configured with an operating member, a hydraulic braking unit and a shifting unit. The operating member is configured in the preferred embodiment to operate both the hydraulic braking unit and the shifting unit. The shifting unit is movably disposed around a center cylinder axis of a hydraulic brake cylinder to provide a compact structure. Also the operating member is configured to perform braking and speed change operations such that the braking operation is carried out without movement of the parts of the shifting unit.