In this paper we propose a waveform design algorithm that localizes the maximum output power in the target direction. We extend existing monostatic radar optimal waveform design schemes to bistatic multiple-input multiple-output (MIMO) radar systems. The algorithm simultaneously calculates the direction of departure (DoD) and the direction of arrival (DoA) using a two-dimensional multiple signal classification (MUSIC) method, and successfully localizes the maximum transmitted power to the target locations by exploiting the calculated DoD. The simulation results confirm the performance of the proposed algorithm.