I believe I have the same problem. Started after I upgraded to Big Sur.
Every time I restart, it hangs during the restart (with a multi-language error message written in grey on black background) and then restarts again. When the computer is finally started I get the exact same "Global Reset" error message as you.
If I turn off the computer, it seems like it doesn't fully shut down, because every time I start it again, it won't respond, so I have to hold down the power button for ten seconds after which it is fully turned off. After that, I can start the computer again.
These problems happen every time.
I have narrowed down the problem a bit - it seems like this happens only when I have two displays attached to my Thunderbolt 3 Dock (which I always have). I can have each Display connected individually without any problems, but as soon as both are connected I get the "Global Reset".
I have tried everything that I can think of without any luck, including
- Disconnecting all other peripherals
- Going through all possible settings on the displays, such as DisplayPort 1.2 On/Off etc.
- Using different cables for the Displays
- Switching to different ports on the Displays
- Testing all four Thunderbolt 3 ports on my MacBook Pro
- Using a different Thunderbolt 3 Cable
- Doing a complete fresh reinstall of macOS Big Sur
- I even bought a new Thunderbolt 3 Dock (switched from Belkin Thunderbolt 3 Express Dock HD to CalDigit TS3 Plus), which now appears to be a complete waste of money as the problem remains.
The only options I still haven't tried is to buy a new computer or buy 1-2 new displays, but for obvious reasons I would like to avoid that.
This seems to be a serious bug in Big Sur as everything has worked perfectly well before I upgraded.
My hardware:
- MacBook Pro (13-inch, 2018 - 2.7GHz Quad-Core i7, 16GB RAM, Intel Iris Plus 655 GPU)
- Display 1: Dell UltraSharp U2515H
- Display 2: Dell UltraSharp U2520D
- CalDigit TS3 Plus Dock (also tried with Belkin Thunderbolt 3 Express Dock HD)