Couldn't you simply move the old cache away before upgrading and then move it back to place of the new location.
No, that does not work. The issue is not caused by the upgrade itself. It happens during operation.
You upgrade, the old cache is left in tact, but when you navigate Bridge to a folder the first time, it compares the full images in the folder to the existing (old) cache and decides that all the cache data is out of date. So it re-caches.
It is definitely caused by ACR. After an upgrade I can "roll back" the Camera Raw.8bi file only and no re-caching occurs. With the upgrade to CC 20.0, Adobe changed the structure of the cache files (and actually made it worse), so re-caching was unfortunately necessary.
There are probably not many Bridge users left, so I doubt Adobe is giving the issue any attention.