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I am happy to share that we have shipped the Bullets and Numbering in 26.4 update for Illustrator. It’s a phased rollout so you may not see 26.4 update yet but it would rollout globally in a day or two.
You can read about this and other new features here ( https://helpx.adobe.com/in/illustrator/using/whats-new/2022-5.html ).
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This is maddening. There are certain types of jobs that cannot be done in InDesign. Work for a CPG company, our files and dielines must be in illustrator for the vendors, it is quite ridiculous that cannot format a simple 3 bullet list appropriately because they even took out the Bulleted List feature they had a couple of years ago.