We establish necessary and sufficient conditions for complex potentials in the Schr"odinger equation to enable spectral singularities (SSs) and show that such potentials have the universal form , where is a differentiable function, such that $\lim_{x\to \pm \infty}w(x)=\mp k_0k_0k_0$ is a complex number, then the eigenvalue of the corresponding Shr"odinger operator has an exact solution which, depending on , represents a coherent perfect absorber (CPA), laser, a localized bound state, a quasi bound state in the continuum (a quasi-BIC), or an exceptional point (the latter requiring additional conditions). Thus, is a bifurcation parameter that describes transformations among all those solutions. Additionally, in a more specific case of a real-valued function the resulting potential, although not being symmetric, can feature a self-dual spectral singularity associated with the CPA-laser operation. In the space of the system parameters, the transition through each self-dual spectral singularity corresponds to a bifurcation of a pair of complex-conjugate propagation constants from the continuum. The bifurcation of a first complex-conjugate pair corresponds to the phase transition from purely real to complex spectrum.

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