Answer by Alex K. for is it possible to select EXISTS directly as a bit?

No, you'll have to use a workaround.

If you must return a conditional bit 0/1 another way is to:

SELECT CAST(
   CASE WHEN EXISTS(SELECT * FROM theTable where theColumn like 'theValue%') THEN 1 
   ELSE 0 
   END 
AS BIT)

Or without the cast:

SELECT
   CASE
       WHEN EXISTS( SELECT 1 FROM theTable WHERE theColumn LIKE 'theValue%' )
            THEN 1 
       ELSE 0 
   END