Definitely the first. Maybe the second. Depends on your outlook.

[He lets out a deep breath that turns into a whistle midway through.]

Well... I didn't go into the woods just yet, so the second you set foot on the bridge, you should be able to see me standing right at the other end of it. You can't miss me- I'm the one in the baseball uniform. [He winks. Even though Peter can't see it, he can probably feel it. Spiritually.]