Could be fungus, if those spots are softer and punkier than the surrounding wood. If so then it probably won't be good for a bow.
Sycamores, and some other white woods, have a reputation for discoloration when cut in the summer. This is due to the high content of sap, and perhaps some sort of fungal bluestain. It supposed to be only cosmetic.
You can usually get around it by cutting in winter when the saps down.
I have tried wiping the surface down with alcohol, and with bleach on whitewood cut in summer, during high humidity. Then sealed with PVA or shellac, and the grey/ bluestain still happened. It happens very quickly, in the first couple of days.
If the spots aren't punky, they could be due to the chemical/fungal reaction not occurring in localised spots. If the wood was cut with low sap and low humidity, the white would be how you typically expect sycamore to look like.