Law of Conservation of Energy
If you push a bowling ball of mass m from some initial height, hi, so that it starts out with some initial velocity, v, then, applying the Law of Conservation of Energy, we have: PEi + KEi = PEf + KEf, or equivalently: mghi + (1/2)mvi2 = mghf + (1/2)mvf2 + E"lost". If we neglect air drag, we can discard the E"lost" term.
We want to know what's happening when the bowling ball returns to you at hi, so our initial and final states are both taken to be at height hi, the height from which it was pushed.
mghi + (1/2)mvi2 = mghi + (1/2)mvf2
Subtracting the gravitational potential energy from both states reveals that the kinetic energy of the bowling ball as it returns to you is the same as that when it leaves your hands, so it will hit you at the same speed you pushed it.
You may wonder how high the bowling ball would swing if you managed to get out of its way. To solve this, acknowledge that the bowling ball's maximum height, hmax, is attained when all of its energy is in the form of gravitational potential energy, with no kinetic energy remaining. So, mghi + (1/2)mvi2 = mghmax. Dividing both sides by m, we have ghi + (1/2)vi2 = ghmax. To get a nice expression for hmax, divide both sides by g, and then multiply both the top and bottom of the resulting expression by 2, yielding hmax = (2ghi + vi2)/(2g).