Welshman hopes that his side can do the double over their rivals as they look to overhaul Manchester City and finish in the top four for a second successive season
The two teams lock horns at White Hart Lane on Wednesday in a game that is a must-win for both.
The Gunners are currently six points behind Manchester United and would need the three points to either keep up the pace or close the gap on the league leaders, who play Newcastle on Tuesday.
Spurs, however, are chasing a fourth place finish and are currently three points behind Manchester City with a game in hand.
Now Bale wants to recreate last season's triumph over the Gunners, which paved the way for Harry Redknapp's men to qualify for Champions League football.
"I remember last season how big that win over Arsenal was and how it set us up for the run-in," The Sun quote him as saying.
"Not only did it mean we had beaten our closest rivals for the first time in a long time but it kick-started us on the winning streak which took us to fourth and was an amazing achievement.
"Now we want to do exactly the same this year.
"It would be an even bigger achievement for us after what we've had to go through for the first time."
And Spurs having reaped the rewards of competing in the Champions League for the first time by going as far as the quarter-finals of the tournament.
At that stage, however, Real Madrid demolished a 10-man Tottenham at the Bernabeu before a howler from goalkeepeer Heurelho Gomes made it a 5-0 aggregate loss after the second leg.
"It was a lot to ask of us to do, both in the Premier League and the Champions League," Bale said. "We've coped with it well, kept ourselves up there in the league and now it's coming to the final straight.
"It's going to be difficult but we are up for the challenge and we're going to give it 100 per cent.
"We've only got the league to focus on now and we will give it our all to the end of the season.
"It was always going to be harder, with City and Chelsea spending so much money and making the competition even harder.
"But we feel we've got a better squad than other teams, so we can stay up there."
The fleet-footed Welshman also maintained that his side are looking to do the double over the Gunners as they aim to achieve Champions League football for a second consecutive season.
"We've won the last two league games against Arsenal, which has been positive," Bale continued.
"It will be a massive game. It's our game in hand over City and we will be going all-out to win.
"It's been a long time since we did the double over Arsenal and now we've got a great chance to do that.
"The atmosphere will be rocking and it's the sort of game that everybody dreams of playing in.
"It will be a night to remember if we win and do the double to help us climb up the table. It's massively important that we get back in the Champions League."