The Real Madrid team-mates embraced moments after Ronaldo had helped send Bales' Wales plummeting out of the tournament in a tactical contest.
Ronaldo scored the first goal with a header on 50 minutes while he was also involved in the second goal as Nani converted his mishit shot only three minutes later.
"I congratulated them on their run," said Ronaldo.
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"They had an amazing run. They were the shining star here, the revelation team.
"I wished them good luck and as for the rest I would rather not say."
Ronaldo is aiming to heal the anguish of 12 years ago when he turned out for Portugal in the Euro 2004 final in Lisbon only to lose 1-0 to Greece.
"This is different," said Ronaldo.

Portugal's Cristiano Ronaldo celebrates with Ricardo Quaresma after scoring their first goal

Image credit: Reuters

"I was 18, that was my first final. My debut.
"Now 12 years have gone by and now we are going to play another final. I am very proud of that.
"I have always dreamed of winning for Portugal, I hope it is our turn now.
"I am very confident and I believe that all these boys deserve it. I deserve it, Portugal deserves it, the fans deserve it - every single Portuguese person deserves it. They've been amazing supporters.
"We've yet to win anything but it's the final. I don't think many people thought that Portugal would make it to the final, but we are there.
"That fills me with pride, I am very happy. Now we have to get ready for Sunday and we want to make this dream true."
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