Noise is usually regarded as adversarial to extracting effective dynamics from time series, such that conventional approaches usually aim at learning dynamics by mitigating the noisy effect. However, noise can have a functional role in driving transitions between stable states underlying many stochastic dynamics. We find that leveraging a machine learning model, reservoir computing, can learn noise-induced transitions. We propose a concise training protocol with a focus on a pivotal hyperparameter controlling the time scale. The approach is widely applicable, including a bistable system with white noise or colored noise, where it generates accurate statistics of transition time for white noise and specific transition time for colored noise. Instead, the conventional approaches such as SINDy and the recurrent neural network do not faithfully capture stochastic transitions even for the case of white noise. The present approach is also aware of asymmetry of the bistable potential, rotational dynamics caused by non-detailed balance, and transitions in multi-stable systems. For the experimental data of protein folding, it learns statistics of transition time between folded states, enabling us to characterize transition dynamics from a small dataset. The results portend the exploration of extending the prevailing approaches in learning dynamics from noisy time series. In many natural and engineered systems, noise adds challenges for extracting effective dynamics from time series, at the same time it may have a constructive role of driving transitions between stable states. The authors propose a framework based on reservoir computing for learning noise-induced transitions from data.