Yes, it is theoretically possible to lift the Hubble Space Telescope to a higher orbit above the interference caused by commercial satellites. The Hubble Space Telescope has been in a low Earth orbit at an altitude of approximately 550 kilometers (340 miles) since its launch in 1990. This orbit was chosen to facilitate servicing missions by the Space Shuttle.
However, since the retirement of the Space Shuttle program in 2011, servicing missions to the Hubble Space Telescope are no longer possible. The telescope was last serviced in 2009, and its current orbit cannot be changed by itself.
To move the Hubble to a higher orbit, it would require a dedicated mission using a specialized spacecraft equipped with propulsion systems capable of reaching and maneuvering the telescope to the desired altitude. This would involve significant technical challenges, such as ensuring the spacecraft's compatibility with the Hubble, grappling and maneuvering the telescope, and providing the necessary propulsion for the orbital transfer.
While it is technically feasible to move the Hubble to a higher orbit, such a mission would be complex and costly. Additionally, there would be logistical considerations and potential risks associated with moving and repositioning such a valuable and sensitive scientific instrument. Therefore, there are no concrete plans to relocate the Hubble Space Telescope to a different orbit.