How to fix overnight MacBook battery drain in macOS Monterey 12.2

Users of macOS Monterey are turning to social media to find help with an apparent bug that causes MacBook running macOS Monterey 12.2 to completely lose battery power overnight. Based on several Twitter reports, users are finding that their MacBooks are waking up from sleep countless times a night and causing the battery to drain. The problem seems to affect both Intel and M1 Macs.
@ Apple tweeps: macOS 12.2 breaks something related with bluetooth + sleep/wake. Looking at `pmset -g log`, it see