Set the launch parameter -windowed
Once the game will load go back to main menu and make it full screen,

If it will remain crashing, turn off the V sync.
If this won't help, you should lower the video quality. yes, it hurts, but anw..
Also, you can run the gamei in compatibility mode (win 7 or 8)
Location of the executable: SteamLibrary\steamapps\common\Bulletstorm Full Clip Edition\Binaries\Win64


the settings I used and the game worked fine:
vsinc : off
size: 1280*720 / bigger resolution was trigging another crash. however, you can try out
both qualities: high

Yeah, the game will keep freezing before the cut-scenes, there's a guide on Steam on fixing it.