We study the dipion transitions $Upsilon(4S) rightarrow Upsilon(nS) pi^+pi^-$ $(n=1,2)$. In particular, we consider the effects of the two intermediate bottomoniumlike exotic states $Z_b(10610)$ and $Z_b(10650)$ as well as bottom meson loops. The strong pion-pion final-state interactions, especially including channel coupling to $Kbar{K}$ in the $S$-wave, are taken into account model-independently by using dispersion theory. Based on a nonrelativistic effective field theory we find that the contribution from the bottom meson loops is comparable to those from the chiral contact terms and the $Z_b$-exchange terms. For the $Upsilon(4S) rightarrow Upsilon(2S) pi^+pi^-$ decay, the result shows that including the effects of the $Z_b$-exchange and the bottom meson loops can naturally reproduce the two-hump behavior of the $pipi$ mass spectra. Future angular distribution data are decisive for the identification of different production mechanisms. For the $Upsilon(4S) rightarrow Upsilon(1S) pi^+pi^-$ decay, we show that there is a narrow dip around 1 GeV in the $pipi$ invariant mass distribution, caused by the final-state interactions. The distribution is clearly different from that in similar transitions from lower $Upsilon$ states, and needs to be verified by future data with high statistics. Also we predict the decay width and the dikaon mass distribution of the $Upsilon(4S) rightarrow Upsilon(1S) K^+ K^-$ process.
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