Given a partially ordered set $(X,\leq)$, is it true that $$ \forall P\subseteq X:P\neq\emptyset\text{ and }P\text{ is bounded below }\to P\text{ has a minimum}\\ \updownarrow\\ \forall P\subseteq X:P\neq\emptyset\text{ and }P\text{ is bounded above }\to P\text{ has a maximum} $$
If we replace minimum and maximum by infimum and supremum respectively, then a proof has been given here. However, in that proof, I don't see how one would infer $g\in P$ from $g\in B$.
In the linearly ordered set $X = \{-\frac{1}{n}: n=1,2,\ldots\} \cup \{0\}$ (in the order inherited from the reals) we have that $X$ satisfies the upper condition (check this), but not the lower, because the left part has an upper bound $0$, but no maximum.
So the properties are not equivalent. Use $X = \{0\} \cup \{\frac{1}{n}: n=1,2,\ldots\}$ for the other implication, of course.