Don't worry, Trust me this is the perfect solution(with older version support you will get Java Projects Option)
100% working
step 1: click on Extension tab from where you install extensions.
step 2: install "Extension Pack for Java". if already installed go for next step.
step 3: Inside the "Extension Pack for Java", there is another extension come with this which is "Project Manager for Java". which is automatically installed. just click on setting icon beside it. and click on "install specific version"
step 4: choose second or third version which is stable. install it. after that restart extension kind of option will come. click on that.
step 5: reload the project or restart the VSCODE IDE.
step 6: Like this comment.
