In short, yes and no.
As Cageybee noted, you'll STILL need enough time to carb up your beer in the bottle. That's usually 2 weeks, and can be longer for bigger beers.
That being said, yes, if you bulk age your beer for a long time, you won't need to bottle condition it as long to get that "just right" flavor. Meaning that once the beer is carb'd, it'll be ready to drink.
To put that in perspective, if I bulk age a beer in the fermenter for 8 weeks, I'll usually be ready to drink it 3 weeks after bottling. But if I only ferment 3-4 weeks, I'll try to give it 2 months in the bottle before opening it.
Do note that some beers will age better in the bottle. Also, if you bulk age, be sure to find a way to avoid light, and oxidation. (make sure you cover clear fermenters like better bottles and glass carboys well, and make sure your stopper is in VERY well, generally with an S shaped bubble lock, and not a 3 piece airlock).