If we take the text at face-value: No.
When Bilbo escapes from the Goblin tunnels after the Misty Mountains episode, he is able to rejoin the party unseen and in the middle of a conversation between Gandalf and the Dwarves.
"...And here we are-without the burglar, confusticate him!"
"And here's the burglar!" said Bilbo stepping down into the middle of them, and slipping off the ring.
Bless me, how they jumped! Then they shouted with surprise and delight. Gandalf was as astonished as any of them, but probably more pleased than all the others.
So Gandalf as both an Istar and a Ring-bearer wasn't able to see him, and therefore we shouldn't expect that any other Istar or Ring-bearer would.
There's no reason to suppose that what's the case for Bilbo would be any different for Frodo.
I am not, however, aware of any writing that indicates whether or not a High-elf would have been able to see him.