Yes, it does! (For each controller during fishing, pressing the interact button will reel in your bobber.) You can find the controls for each controller type below:

Xbox

  • Walk/Run: Left Stick
  • Primary Interaction: A
  • Badges Menu: Y
  • Control Zoom: X
  • Options Menu: Hamburger
  • Quest Menu: Right Button
  • Backpack: Left Button
  • Throwing/Fishing/Powerwashing: Hold B while using the Left Stick

PS4

  • Walk/Run: Left Stick
  • Primary Interaction: X
  • Badges Menu: Triangle
  • Control Zoom: Square
  • Options Menu: Options Button
  • Quest Menu: R1
  • Backpack: L1
  • Throwing/Fishing/Powerwashing: Hold Circle while using Left Stick

Stadia Controller

  • Walk/Run: Left Stick
  • Primary Interaction: A
  • Badges Menu: Y
  • Control Zoom: Square
  • Control Zoom: X
  • Options Menu: Hamburger Button
  • Quest Menu: R1
  • Backpack: L1
  • Throwing/Fishing/Powerwashing: Hold B while using Left Stick