@cd318 - Yes, you can stream via bluetooth from your phone. Unfortunately, bluetooth is lossy and you lose a bit of resolution when using bluetooth. I've been down that road and have used 4 different bluetooth receivers connected to my system. By far, the best bluetooth receiver I've used is the Auris BluME HD. It is very good and it has both rca analog outputs, as well as a toslink digital output so you can connect it to an external DAC.
I've moved on to a Raspberry Pi based streamer running Volumio OS. It is very good and the sound quality is significantly better than the bluetooth option. It has the streamer, plus a good I2S DAC built into a tiny acrylic case. Tiny and effective and only about $100 total.
Happy to discuss the Raspberry Pi streamer option with you if you are interested.