We demonstrate a simple, robust, and ultrabright parametric down-conversion source of polarization-entangled photons based on a polarization Sagnac interferometer. Bidirectional pumping in type-II phase-matched periodically poled KTiOPO4 yields a measured flux of 5000 polarization-entangled pairs/s/mW of pump power in a 1-nm bandwidth at 96.8% quantum-interference visibility. The common-path arrangement of the Sagnac interferometer eliminates the need for phase stabilization for the biphoton output state.