Bluetooth speaker

Here's my thought. Audio from my phone via Bluetooth. Reception at another location using Arduino and BT module. Amplification using an LM 380/384 to the speaker.

My main concern is whether it's feasible.

Feasible but not very good.
First you need a Bluetooth module that will handle audio, the cheap ones do not.
Then as the Arduino doesn't have a D/A converter you have to add one or use the poor quality 8 bit PWM.

So buying a cheap Bluetooth audio adaptor is much the best option and leave out the Arduino.