Generally speaking, no. Of course this idea was a dead letter in the communist GDR, but many politicians and public intellectuals within the FRG saw the Hohenzollerns as major contributors to Germany's undemocratic path and as precursors to Hitler. For example, Friedrich Meinecke, one of Germany's intellectual mandarins, wrote in a pamphlet on the 1848 Revolution that the Prussian King Frederick William IV was "psychopathic." Rudolf Stadelmann, a socialist emigre historian who returned to Germany was more emphatic in his dislike for the Hohenzollerns:

the autocratic reverie and fantasy of the mentally ill king [Frederick William IV]was thereby almost as pernicious for our national development as the romantic armament delusion of Wilhelm II and the romantic racial dogma of Adolf Hitler.

In an editorial in the Frankfurter Hefte, Eugen Kogon, one of the intellectual godfathers of the FRG, opined that the capital of the new Germany should be in Frankfurt am Main and not Berlin with its history of authoritarian rule. The Adenauer coalition generally agreed with the Allies that the old aristocracy of both Reichs had largely forfeited their right for special privileges by virtue of their antidemocratic ethos and complicity in German militarism.

What esteem there was for the German noble estate in the FRG elite political circles was for the aristocratic Christian pietism evinced during the war. Theodor Heuss, the first Bundespräsident maintained that this Christian ethos allowed for an "uprising of the conscience" during the final stages of the war when the crimes of National Socialism were apparent. Figures from Prussian history such as Scharnhorst and Gneisenau became recast as proto-republican heroes during the Cold War as their system of militias and national service allegedly were the precursors of the Bundeswehr.

Esteem however does not make for a restoration. By and large, the politicians steering Germany in the immediate postwar era explicitly rejected monarchy as a path for the new Germany. They did not need a monarch for a symbol of the new Germany as that would have brought up uncomfortable associations with the past the Federal Republic was consciously asserting it had made a break from.

Sources

Kogon, Eugen. “Berliner Zentralismus oder Frankfurter Bundesregierun?” Franfurter Hefte: Zeitschrift für Kultur und Politik . Vol. 1, No. 1 (April 1946), 7.

Meinecke, Friedrich. “The Year 1848 in German History; Reflections on a Centenary”. Review of Politics. 10, no. 4., 475-92.

Petropoulos, Jonathan. Royals and the Reich The Princes Von Hessen in Nazi Germany. New York: Oxford University Press, 2006.

Stadelmann, Rudolph. The Social and Political History of the German 1848 Revolution. Translated by James G. Chastain. Athens: Ohio University Press, 1975.