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