Yes, if he is blocked in by your pawn structure then he is a "bad bishop" and should be traded for black's bishop if black's bishop is more active.
Keep in mind if you have a bishop pair and black has only one bishop, then you might not want to trade since the second bishop that completes a pair is worth more than the value of a bishop by itself.
Also note: It is a good idea to say "trade", and reserve "exchange" for "The Exchange" of a minor for major piece or people get confused.
If I am not mistaken is this an example of bad bishop:
I (white) have black square bishop, all my pawns are on black squares and all black pawns are on white squares. Should I try and exchange that bishop for blacks dark square bishop? Is my dark square bishop a bad bishop?