In this work, we focus on the Bipartite Stochastic Block Model (BiSBM), a popular model for bipartite graphs with a community structure. We consider the high dimensional setting where the number $n_1$ of type I nodes is far smaller than the number $n_2$ of type II nodes. The recent work of Braun and Tyagi (2022) established a sufficient and necessary condition on the sparsity level $p_{max}$ of the bipartite graph to be able to recover the latent partition of type I nodes. They proposed an iterative method that extends the one proposed by Ndaoud et al. (2022) to achieve this goal. Their method requires a good enough initialization, usually obtained by a spectral method, but empirical results showed that the refinement algorithm doesn't improve much the performance of the spectral method. This suggests that the spectral achieves exact recovery in the same regime as the refinement method. We show that it is indeed the case by providing new entrywise bounds on the eigenvectors of the similarity matrix used by the spectral method. Our analysis extend the framework of Lei (2019) that only applies to symmetric matrices with limited dependencies. As an important technical step, we also derive an improved concentration inequality for similarity matrices.