There's a rather large difference between a bug with Azir's ultimate and your belief that Fizz shouldn't be able to Playful-Trickster over it.
The untargetability works the same way Vladimir's Sanguine Pool or Zhonya's Hourglass's active works. They make you entirely immune to CC and abilities during the time the untargetability is active. This means there's no reason Azir's Emperor's Divide should go through, just like any other form of CC.
Only thing left is to accept that Fizz counters your ultimate. These posts should be in Gameplay and Balance, right?