Yes,
The .38/.357 Magnum case head and rim dimensions are as the .357 Maximum.
The Winchester M94 boltface and extractor are nominally factory-made for only .30-30, .38-55, .375 Winchester, .44 Magnum, and ,.45 Colt rim sizes.
To make it fit the .38/.357/.357 Max rim size, you have to make up a partial bushing and extend the extractor claw. Silver soldering is suitable, but unsightly.
A more suitable conversion (I think) would be the Marlin M94 action, which is designed for pistol-length cartridges, which the Winchester M94 action is not. The use of the Marlin should simplify feeding and extraction as well. You can also get an M94 bolt and extractor from the Marlin factory.
The one .357 Maximum Winchester M94 conversion I examined was rather crude... it had file marks on the cartridge guides, lifter, and the cartridge stop looked like it was welded up and then filed to shape. I don't know how reliable it was. The owner said it shot well.
HTH
John