Unless you know which compression format is being used you won't know which command to use.
Who told you it is a compressed bitstream and is there more information on the subject ?
Does the `file` command tell you anything about the compression used ?
Also it is very unlikely that unzip would be used as zip is a compression utility itself. You wouldn't compress the output of zip again. It is likely a tar or cpio archive that is then output to standard output and compressed through a pipe.
This approach is often used to create an initramfs as follows.
find . | cpio --quiet -c -o | gzip -9 -n > ../initramfs64-catalyst
To extract the above you would do the following
zcat initramfs64-catalyst | cpio -id
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