Line a plate with a paper towel. Arrange bacon on prepared baking sheet in a single layer and bake until crispy, 15-18 minutes. Remove to towel-lined plate and let cool slightly. If oven hasn't preheated fully, you can do this step later or add a few minutes to baking time. While bacon cooks, make cream cheese.

Combine 2 Tbsp. sugar (reserve remaining for milk-egg mixture and mixed berry syrup) and cream cheese in a small bowl. Set aside.

Whisk together milk, liquid eggs, and 2 Tbsp. sugar (reserve remaining for mixed berry syrup) in a large mixing bowl. Set aside.

Bring a small pot with remaining sugar and 1/4 cup water to a boil over medium-high heat. Stir in frozen berries and return to a boil. Boil, stirring often, until liquid has reduced to a syrup consistency, 8-12 minutes. Remove from burner and set aside. While syrup boils, make French toast.

Place a large non-stick pan over medium-high heat and coat generously with cooking spray. Dip Texas toast briefly into milk-egg mixture, shake gently to remove excess, and add to pan in a single layer. You'll need to do a few batches. Cook until browned, 2-3 minutes per side.

Place three slices of French toast on a plate. Drizzle with mixed berry syrup. Garnish with sweetened cream cheese and serve bacon on side.