Please do not worry; many causes of white bumps on the penis are benign and highly treatable. They could be Pearly Penile Papules or Fordyce spots, which are completely harmless and require no treatment. Alternatively, they may indicate a mild fungal infection (balanitis) or a viral issue like molluscum contagiosum. Because treatments differ significantly ranging from simple observation to prescription ointments like clotrimazole (for fungal infections) or imiquimod (for certain viral lesions) you should not self-medicate. Applying the wrong ointment can cause severe irritation. Please consult a dermatologist or urologist for a quick physical examination and an accurate, safe treatment plan.