a. Let $f_n = \operatorname{proj}_n \circ T$ for all $n \in \Bbb{Z}$, where $\operatorname{proj}_n: \ell^\infty \to \Bbb{R}$ denotes the projection of a bidirectional sequence into its $n$-th component. Clearly, $\operatorname{proj}_n$ is a bounded linear operator on $\ell^\infty$, so the composition $f_n = \operatorname{proj}_n \circ T$ of bounded linear operators is again a bounded linear operator. This shows that $f_n \in X^*$. By construction, $Tx = (f_n(x))_n$ for all $x \in X$.
b. Apply Hahn-Banach extension theorem on $f_n \in X^*$ for each $n \in \Bbb{Z}$ to obtain its extension $g_n \in Y^*$ so that $g_n|_{X} = f$ and $\lVert f_n \rVert = \lVert g_n \rVert$.
Construct $S:Y \to \ell^\infty$ componentwise. i.e. $S(y) = (g_n(y))_{n \in \Bbb{Z}}$ for all $y \in Y$. We need to show that $S$ is well-defined. (The output of $S$ lies in $\ell^\infty$.)
$$\sup_{n \in \Bbb{Z}} |g_n(y)| \le \sup_{n \in \Bbb{Z}} \lVert g_n \rVert \lVert y \rVert = \sup_{n \in \Bbb{Z}} \lVert f_n \rVert \lVert y \rVert \le \sup_{n \in \Bbb{Z}} \lVert \operatorname{proj}_n \rVert \lVert T \rVert \lVert y \rVert = \lVert T \rVert \lVert y \rVert$$
Linearity of $S$ is evident from that of $g_n$, and the boundedness of $S$ follows from the above inequality. $S|_X = T$ follows from $g|_X = f$. We have $\lVert S \rVert \le \lVert T \rVert$, and it remains to show the reverse inequality. This is not hard from $S|_X = T$ and the definition of $\lVert \cdot \rVert_\infty$.
$$\lVert Tx \rVert = \lVert Sx \rVert \le \lVert S \rVert \lVert x \rVert \quad\forall\,x \in X$$
Since the domain of $T$ is the subspace $X$, we conclude that $\lVert T \rVert = \lVert S \rVert$. $\tag*{$\square$}$