Yes, it can. You can be shadowbanned or even disappear forever. That does not mean that every person who uses bots will be banned eventually. But the risks are very high. Besides, to avoid being banned for bots, you have to use them wisely and follow certain rules. For example, stop commenting and liking posts by yourself so that you don’t interfere with the bot actions, and so on.
All bots that are not connected with the account activity, such as liking, sharing, commenting, following, and unfollowing are absolutely harmless and will only help you on our way to achieving your dream.