For all of you out there using macOS 10.15, brew has has changed so you will need to do these commands.
brew install v8@3.15
gem install libv8 -v 'YOUR_VERSION' -- --with-system-v8
gem install therubyracer -v 'YOUR_VERSION' -- --with-v8-dir=/usr/local/opt/v8@3.15
bundle install