Yip, most modern cars can hit 150mph without any problems.
Was a good article somewhere recommending Gearvendors and explaining how you can be quick up to the top speed and beat what ever your racing, BUT!, doing top speed and a Honda Civic passes you doing 3,000rpm is not a good feeling.
The 340, 440 and HEMI engines will have no trouble getting to 150mph but gearing is it's nemisis.