In their 1990 book Bambi, The Story and the Film, Frank and Ollie don't identify the artist who produced these magnificent poetic renderings. They probably didn't remember.
The use of light gives the settings a magical, dreamlike quality. There is subtle shading on the characters, even though the final appearance of Bambi, Thumper and all the others would mostly consists of thin ink lines and flat cel paint.
Nonetheless these drawings sure helped to establish the mood for one of the most beautiful films ever made.