There are 108 characters and 117 Awakenings in the game (some characters have more than one). To awaken your health must be low, then you can hold △. All Characters are unlocked by beating the story.

Below are timestamps for every character. I go through them in the same order as the in-game character list (column by column).

TIMELINE:

#1 – Naruto (Sage of the Six Paths Mode) – 0:05
#2 – Naruto (Kurama Link Mode) – 0:13
#3 – Naruto (Sage Mode) – 0:17
#4 – Naruto – 0:22
#5 – Sakura – 0:33
#6 – Sai – 0:38
#7 – Kakashi – 0:42
#8 – Might Guy – 0:53
#9 – Yamato – 1:04
#10 – Shikamaru – 1:09
#11 – Choji – 1:14
#12 – Ino – 1:19
#13 – Neji – 1:24
#14 – Rock Lee – 1:30
#15 – Tenten – 1:35
#16 – Kiba – 1:40
#17 – Shino – 1:45
#18 – Hinata – 1:50
#19 – Asuma – 1:56
#20 – Konohamaru – 2:01
#21 – Shisui – 2:07
#22 – Iruka – 2:12
#23 – Kushina – 2:18
#24 – Jiraiya – 2:24
#25 – Kakashi – 2:29
#26 – Obito – 2:34
#27 – Rin – 2:40
#28 – Sasuke (Rinne Sharingan) – 2:45
#29 – Sasuke (Eternal Mangekyo Sharingan) – 2:50
#30 – Sasuke (Five Kage Summit) – 2:56
#31 – Sasuke (The “Taka”) – 3:01
#32 – Sasuke – 3:06
#33 – Orochimaru – 3:11
#34 – Kabuto (Sage Mode) – 3:17
#35 – Kabuto (Snake Cloak) – 3:22
#36 – Kabuto – 3:28
#37 – Suigetsu – 3:33
#38 – Jugo – 3:38
#39 – Karin – 3:44
#40 – The First Hokage: Hashirama Senju – 3:49
#41 – The Second Hokage: Tobirama Senju – 4:00
#42 – The Third Hokage: Hiruzen Sarutobi – 4:05
#43 – Minato – 4:11
#44 – Tsunade – 4:21
#45 – Danzo Shimura – 4:27
#46 – Kazekage: Gaara – 4:32
#47 – Kankuro – 4:43
#48 – Temari – 4:49
#49 – Raikage: Ay – 4:54
#50 – Killer Bee – 5:00
#51 – Darui – 5:06
#52 – Tsuchikage: Ohnoki – 5:16
#53 – Mizukage: Mei Terumi – 5:22
#54 – Mifune – 5:29
#55 – Madara Unchiha (Six Paths) – 5:33
#56 – Madara Uchiha – 5:39
#57 – Kaguya Otsutsuki – 5:45
#58 – Obito Uchiha (Ten Tails Jinchuriki) – 5:51
#59 – Obito Uchiha – 5:57
#60 – Tobi (Great Ninja War) – 6:00
#61 – Tobi – 6:07
#62 – Masked Man – 6:12
#63 – Obito Uchiha – 6:18
#64 – Pain – 6:24
#65 – Nagato – 6:29
#66 – Konan – 6:34
#67 – Itachi Uchiha – 6:39
#68 – Itachi Uchiha (Reanimation) – 6:44
#69 – Kisame – 6:52
#70 – Kakuzu – 6:58
#71 – Hidan – 7:04
#72 – Deidara – 7:09
#73 – Sasori – 7:15
#74 – The Fourth Kazekage – 7:21
#75 – The Third Raikage – 7:26
#76 – The Second Tsuchikage – 7:32
#77 – The Second Mizukage – 7:39
#78 – Hanzo – 7:44
#79 – Chiyo – 7:50
#80 – Zabuza – 7:55
#81 – Haku – 8:00
#82 – Yugito – 8:05
#83 – Yagura – 8:10
#84 – Roshi – 8:17
#85 – Han – 8:22
#86 – Utakata – 8:28
#87 – Fuu – 8:35
#88 – Naruto (Child) – 8:42
#89 – Sasuke (Child) – 8:48
#90 – Sakura (Child) – 9:00
#91 – Shikamaru (Child) – 9:06
#92 – Choji (Child) – 9:10
#93 – Ino (Child) – 9:16
#94 – Neji (Child) – 9:21
#95 – Rock Lee (Child) – 9:27
#96 – Tenten (Child) – 9:32
#97 – Kiba (Child) – 9:38
#98 – Shino (Child) – 9:42
#99 – Hinata (Child) – 9:48
#100 – Gaara of the Sand (Child) – 9:54
#101 – Kankuro (Child) – 10:00
#102 – Temari (Child) – 10:05
#103 – Kimimaro (Child) – 10:10
#104 – Naruto (The Last) – 10:16
#105 – Sasuke (The Last) – 10:21
#106 – Hanabi Hyuga – 10:27
#107 – Boruto Uzumaki – 10:33
#108 – Sarada Uchiha – 10:39