We show that evaluating the Tutte polynomial for the class of bicircular matroids is #P-hard at every point $(x,y)$ except those in the hyperbola $(x-1)(y-1)=1$ and possibly those on the lines $x=0$ and $x=-1$. Since bicircular matroids form a rather restricted subclass of transversal matroids, our results can be seen as a partial strengthening of a result by Colbourn, Provan and Vertigan, namely that the evaluation of the Tutte polynomial for the class of transversal matroids is #P-hard for all points except those in the hyperbola $(x-1)(y-1)=1$.