I have noticed that a lot of people are having issues in using Git after the SSH upgrade done by bluehost.
I just though of posting my solution to this issue, so that someone might benefit from it.
Use the following commands to add these configuration parameters
git config remote.origin.uploadpack '/home/<user name>/bin/git-upload-pack'
git config remote.origin.receivepack '/home/<user name>/bin/git-receive-pack'
git config remote.origin.uploadpack 'libexec/git-core/git-upload-pack'
git config remote.origin.receivepack 'libexec/git-core/git-receive-pack'
After these configuration parameters have been entered, you should be able to use Git as before.