Hi Marla, yes there is hope.
The spinal stenosis, (caused by the bulging disc or discs) is usually a disc that is encroaching or pushing on your spinal cord. The usual treatment is to remove the disc that is in between the two vertebrae and put a spacer in where the disc was and fuse the two vertebrae together. That gets the disc off of the cord and nerves. It is called spinal fusion.
If you want more detailed info. you could always post your mri results here. There are some very experienced people here.
Did you get a referral to see a surgeon?
Any more questions or info post away. Take care