load image in select dropdown list

I have a dropdown list, here in the option I want to load image also. I took reference from:
i want to display image in select option dynamically but not working

But the image is not loading. The path of image file is correct.

<select name="n_bundle_num" class="form-control" required>
    <option>--- select budle ---</option>
    @foreach ($bundles as $item)
        <option value="{{ $item->name }}" 
            data-subtext="<img src='/bundles/{{ $item->image_path }}'>">{{ $item->name }}
        </option>
    @endforeach
</select>