Step 1: Understanding the Concept
Phenol ionises as \(\text{C}_{6}\text{H}_{5}\text{OH}\rightleftharpoons \text{C}_{6}\text{H}_{5}\text{O}^{-}+\text{H}^{+}\).
Step 2: Phenoxide ion
The negative charge on oxygen is delocalised into the benzene ring through resonance.
Step 3: Effect
This resonance makes the phenoxide ion stable, so the equilibrium shifts towards ionisation.
Step 4: Eliminate options
Hydrogen bonding and a strong O-H bond do not explain acidity, and the phenoxide ion is not least stable.
Final Answer:
Phenol is acidic because its anion is resonance stabilised.
\[ \boxed{\text{(D) }\text{Due to resonance stabilization of its anion.}} \]