Is there a way to group specific CPTs under a single dashboard menu item?

Use the 'show_in_menu' argument of register_post_type() to specify the URL path of the parent menu item. For example, a value of 'edit.php' will nest the CPT’s management pages in the Posts menu item, 'edit.php?post_type=page' will nest them in the Pages menu item, and a value of 'users.php' will nest them in the Users menu item.