The direction-of-departure (DOD) and the direction-of-arrival (DOA) are important localization parameters in bistatic MIMO radar. In this paper, we are interested in DOD/DOA estimation of both single-pulse and multiple-pulse multiple-input multiple-output (MIMO) radars. An iterative super-resolution target localization method is firstly proposed for single-pulse bistatic MIMO radar. During the iterative process, the estimated DOD and DOA can be moved from initial angles to their true values with high probability, and thus can achieve super-resolution estimation. It works well even if the number of targets is unknown. We then extend the proposed method to multiple-pulse configuration to estimate target numbers and localize targets. Compared with existing methods, both of our proposed algorithms have a higher localization accuracy and a more stable performance. Moreover, the proposed algorithms work well even with low sampling numbers and unknown target numbers. Simulation results demonstrate the effectiveness of the proposed methods.