The effect of Rashba spin-orbit coupling on the nonlinear optical conductivity in a bilayer graphene is investigated. We demonstrate the very different role played by the Rashba term and interlayer hopping; in some cases, the two roles can be quite opposite. It is found that the Rashba term can either enhance or suppress the nonlinear effect in a bilayer graphene, depending on the strength of the interlayer hopping. For a weak interlayer hopping, the Rashba term can significantly enhance the nonlinear effect. An analytical result was derived, showing the interplay of the Rashba effect and the interlayer hopping effect.