Abstract The power conversion efficiencies (PCEs) of all‐polymer solar cells (all‐PSCs) have already exceeded 17%. However, the limited absorption range of an all‐polymer system results in significantly reduced short‐circuit current density ( J sc ), which eventually influences the PCE improvement. To broaden the light absorption of polymer acceptors, herein, benzotriazole is introduced in the core unit of small molecule acceptors and thus two narrow‐bandgap polymer acceptors named PTz‐BO and PTz‐C11 featuring the same molecular backbone and different side‐chain length are synthesized. Compared with PTz‐C11, the PTz‐BO based‐all PSCs deliver a slightly reduced J sc , a large open‐circuit voltage ( V oc ) and a low voltage loss below 0.50 V. Moreover, ternary all‐PSCs are constructed by introducing PTz‐C11 as a guest component. Benefiting from the reduced recombination, improved exciton generation and dissociation, and balanced charge transport, a high efficiency of 16.58% is obtained for the ternary all‐PSCs, with a high J sc over 25 mA cm −2 without sacrificing the V oc . Such result represents the highest efficiency reported for benzotriazole‐based all‐PSCs in the literature thus far. This work demonstrates the great potential of benzotriazole for the synthesis of efficient narrow‐bandgap polymer acceptors.