I mean, no for two reasons. Traffic lights grouping people as you say, but also the bottle neck causing so people commuting on bikes to use this road wouldn't have existed if the other roads in the area were also designed to accommodate bikes.

On the flip side, this isn't a city where a large percentage of people commuted by bike. If you turned all the people commuting by car and public transits into cyclists it wouldn't surprise me to find out there were still areas with congestion.