Canonically, Baphomet does have breasts as well as male features along with wings and scales, solve (dissolve) coagula (combine), pointing up and down, etc…

Whole thing is symbolism for balance and opposites. Just an edgier YinYang iirc originally dreamt up to slander/persecute the Knights Templar after they had gained too much power (and again iirc maybe have been doing some raw ass shit, but I am no KT historian)