Yes, BLUEPOINTS is a Scrabble word!

Letter values in Scrabble US: B 3, L 1, U 1, E 1, P 3, O 1, I 1, N 1, T 1, S 1.

Is it a valid word?

BLUEPOINTS is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

oysters originally from Long Island Sound but now from anywhere along the northeastern seacoast; usually eaten raw
small edible oyster typically from the southern shore of Long Island

Also: blue point.