The+memoriesSH-+and+dreams+we+treasure+and+share+Are+like+beautiful+roses+found+blooming+there.

I think that the line, "The memories and dreams we treasure and share are like beautiful roses found blooming there" means that so far the rose that has bloomed has been filled with all the treasures and memories built throughout the friendship, and it is still blooming meaning there are still more treasures and memories to come.