Come hai detto, elemMatch recupererà solo il primo oggetto in un array, quindi devi utilizzare il futuro aggregato per ottenere il tuo output
MatchOperation match = Aggregation.match(Criteria.where("_id.teacherId").is("1").and("groups.students").in(11));
UnwindOperation unwind = Aggregation.unwind("groups");
GroupOperation group = Aggregation.group("_id").push("groups").as("groups").first("points").as("points");
Aggregation aggregation = Aggregation.newAggregation(unwind, match, group);
AggregationResults<BasicDBObject> groupResults = mongoTemplate.aggregate(aggregation,
CustomGroupsDocument.class, BasicDBObject.class);
List<BasicDBObject> result = groupResults.getMappedResults();