Transverse synchronization of vertical displacements of all jacking-up points is an important monitoring indicator to replace bearings in assembled multigirder bridges during the jacking phase. Currently, using target paper to identify the 3D coordinates of control points reduces the complexity of monitoring operations and improves the stability of data precision. However, the existing planar target locating methods have low accuracy, inefficiency, and subjectivity, which seriously hinders the construction process of bearing replacement. Accurately obtaining the center coordinates of multiple targets from a point cloud in a short monitoring period remains a challenge. This study proposes a high-precision automated algorithm to extract target center points in low-density point clouds to quickly calculate real target center points. First, we construct a standard point cloud model of the target papers for scanning, including color and geometric features. Then, we extract the measured point cloud of the typical jacking operation phase based on the reflection intensity and size information. Next, we map the intensity values of the measured point cloud into the color channel and register the measured point cloud with its standard point cloud model using the normal vector estimation and colored ICP algorithms. Finally, we extract the center point of the measured targets. Numerical experiments and engineering test results show that the proposed method converges quickly with high precision and good robustness, which saves 91.4% of the time compared with the traditional method. In general, this research can provide effective technical support for 3D laser scanning in monitoring the operation phase of bridge jacking.