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$150 won't get you much decent in a good bike store. I suggest you look into quality used. Raleigh makes a good hybrid with the aluminum running a little over $400 new, so used would be reasonable.
Ditto suggestions like a good, skinny seat - not quite as skinny as a road bike but one that does fit you "sit bones." And STAY AWAY from any seat with gel!!!! Unless you like numb nuts - literally.
As you get into it you might later ad clipless peddles for greater efficiency, a wireless speedometer/odometer...you'll figure it out. It also does help to have a good bike store for work, advice and to buy the other stuff you'll want later - plus advice on that seat, the first thing to buy after a lock and helmut.
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