You need to follow the initial token .* with ? for a non-greedy match.
bundle://.*?/(.*)\\.class
^
Your regex uses greedy matching with a . that matches any character (but a newline). .*/ reads everything up to the final /, (.*)\\. matches everything up to the final period. Instead of lazy matching, you can restrict the characters matched to non-/ before the string you want to match. Change to
Pattern p = Pattern.compile("bundle://[^/]*/(.*)\\.class");
Sample code:
String str = "bundle://24.0:0/com/keop/temp/Activator.class";
Pattern ptrn = Pattern.compile("bundle://[^/]*/(.*)\\.class");
Matcher matcher = ptrn.matcher(str);
if (matcher.find()) {
System.out.println(matcher.group(1));
Output of the sample program:
com/keop/temp/Activator
