Sure, I would forgive them.
I would not, however, be so quick to forgive those that bully the people I care about.
It angers me to hear about my brother being bullied, even when he can't see it as bullying for his self. These kids are between 13 and 16. I have no authority to stand up for him; all I can offer is emotional support. Yet I can't help but hope that one day, they find a reason to wipe those smug, thieving smirks clean off of their lying, boasting faces. My brother won't physically stand up for himself and I wouldn't suggest that he does, but he is definitely capable. He makes those kids look like pygmy mice.
Don't think, just because I would forgive them, that the bullies stopped at teasing and name-calling. I don't like to talk about what they did for kicks, but I don't see the benefit in holding a grudge against the people that bullied me. Three of them were my friends, all suffering from attention deficit hyperactive disorder, and got their attention by pushing me around, pulling my hair and taking my possessions. And the others? They might grow up into nice people.
Then again, as I presume, they might not.