Yes, its possible.
Anxiety shows up when we notice something is off. Usually when something doesn’t conform to the way we want things to be. As such Anxiety is neither good nor bad, its information. Anxiety becomes a problem when consciousness becomes fixated on a problem and becomes a story we start reacting to and labeling ourselves. Anxiety no longer only information to responded but a condition/story we react to and start to become.
I think your on the right track if you can step back from anxiety, yours or others, and respond with compassion, for yourself and others. That could create enough space to see that anxiety was about control… desire, doubt, uncertainty.
(Could it be that anxiety, uncertainty, doubt, and desire are all about control? Anxiety, uncertainty, doubt, and desire none of which is bad our good in themselves, just information. Its when we label our emotions as good and bad, wanted or unwanted that we start loss contact with our center.)