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Buying from most dedicated bike shops is a safe bet. Usually only quality brands. But good luck finding one for under $150, that will be enjoyable to ride.
One thing to consider when buying a bike: most bike shops will give you some kind of free service on bikes you purchase from them. Shop around at your local bike shops and see who offers the best service. At a bike shop that i used to work for here in charlotte, we offered 3 years of free adjustments and tuneups.
Its a trade off.. get a decent bike for around $400 (give or take a few bucks) w/ free service from a shop.. or buy a $150 dollar shit bike from kmart and eventually spend stupid amounts of money to fix a bad bike that rides horribly. Pay now, or pay later.
About the only thing you can get for $150 these days thats decent quality from a real bike shop is a beach cruiser. But mabye thats all you need. $300 or so is about the going price for an entry level bike from any of the good bike manufacturers, so dont expect to pay less than that.
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Remember, wherever you go... there you are.
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