The former Tottenham forward says the Champions League holders are pleased to have drawn the Italians, but won't be taking anything for granted.
Madrid saw off cross-city rivals Atletico at the quarter-final stage of the competition courtesy of a late Javier Hernandez goal, with Bayern Munich, Barcelona and Juventus the other teams to progress.
The Italian champions are arguably the side everyone wanted to pull out of the hat, with the Serie A outfit probably the weakest of the remaining sides.
Bale has said that although he and his teammates were happy to land the Turin giants, they know it is going to be a tough test.
“It’s obviously always going to be a difficult game but if you had to choose a team you probably would have picked Juventus,” he said.
“We know it’s going to be just as hard a game as the other two and we’re going to have to be fully committed to get to the final again. We’re happy and looking forward to the semi-finals now.”
The former Tottenham Hotspur man has also said that the pressure is still on from an expectant fan base despite last season’s triumph.
The Welshman played a big part in the Spanish side’s last-gasp success over Atletico in the 2014 final, which was the tenth time they have won the competition - the highly coveted ‘La Decima’. Some may have thought that success would help to ease the pressure on Real, but Bale says the fans are just as keen for win number 11.
“Last season we spoke about it and we said if we did win it then the following year there would be less pressure,” he said.
“[But] the fans want the number eleven just as much as they wanted number ten, they’re very demanding over here. We’re trying to win the Champions League for the second time in a row and be the first side to do so.”