The 1986 Aloha Bowl was a college football bowl game, played as part of the 1985-86 bowl game schedule of the 1986 NCAA Division I-A football season. It was the 5th Aloha Bowl. It was played on December 27, 1986, at Aloha Stadium in Honolulu, Hawaiʻi. The game matched the Arizona Wildcats of the Pac-10 Conference against the North Carolina Tar Heels of the ACC Conference.