Image

You can create a custom field formatter template for that image field and just wrap it with <div class="tipsy"></div>

or VERY SIMPLY:
create a tipsy field in views, with the link being <div>. Put that before your image field. Create a text field with the text </div>. Put that after your image field. Be sure to uncheck Provide Default Wrapper Elements in your view format settings or your nesting will be screwed up.

You can add back any necessary wrappers individually to each field.