Many quantum advantages in metrology and communication arise from interferometric phenomena. Such phenomena can occur on ultrafast time scales, particularly when energy-time entangled photons are employed. These have been relatively unexplored as their observation necessitates time resolution much shorter than conventional photon counters. Integrating nonlinear optical gating with conventional photon counters can overcome this limitation and enable subpicosecond time resolution. Here, using this technique and a Franson interferometer, we demonstrate high-visibility quantum interference with two entangled photons, where the one- and two-photon coherence times are both subpicosecond. We directly observe the spectral and temporal interference patterns, measure a visibility in the two-photon coincidence rate of $(85.3pm0.4)%$, and report a CHSH-Bell parameter of $2.42pm0.02$, violating the local-hidden variable bound by 21 standard deviations. The demonstration of energy-time entanglement with ultrafast interferometry provides opportunities for examining and exploiting entanglement in previously inaccessible regimes.