Can a team of 3 people release a game on Unity 5 Personal Edition (If we make less than $100,000/yr)

Question is pretty straight forward. Thanks!

Yes…

Your current job’s income is irrelevant. I think you meant regarding gross revenue produced from a product developed with Unity 5 Personal edition, your question isn’t as straight forward as you think. I believe the license states you must upgrade to Professional edition if gross revenues exceed 100k usd in the last fiscal year.

FAQ: Licensing & activation

Unity Pro and Unity Personal Software License Agreement 5.x