In this study, we have demonstrated the fabrication and characteristics of the optically-pumped nitride-based vertical cavity surface emitting laser (VCSEL) with hybrid mirrors. The laser action was observed at room temperature with a threshold pumping energy density of about 2.6mJ/cm^2. The GaN VCSEL emits 456 nm blue wavelength with a linewidth of 0.2nm and the laser beam shows a large degree of polarization of about 84%, a high characteristic temperature to be about 244K, and a small divergence angle to be about 7.6°. The coupling efficiency of spontaneous emission of the VCSEL was estimated to be a thousand times higher than that of the typical edge emitting lasers. We also electrically pumped the VCSEL sample, and the fabricated device shows a very narrow emission peak centered at 465.3nm with a linewidth of 0.52nm at a driving current of 10mA. These results adequately reveal GaN VCSEL has a promising potential on the laser application.