This isn't always feasible depending on the location, age, and type of water heater, and how many things with different temperature needs are connected to the same water heater.
A tankless water heater with a feeder pump, dedicated to bathroom use and with a bathroom-installed remote control, makes this trivial. It's probably also more efficient, easier to use, and (vs. thermostatic valves) about as easy and maybe also cheaper to implement than any fussing with valves.
A 30-year-old tank heater in a basement that needs a wrench to adjust a temperature that won't meaningfully change in a 2nd-floor bathroom for another half-hour, and also has to serve a dishwasher and clothes washer that might also run at higher temperatures at the same time, can't swing this as easily, or at all.
A tankless water heater with a feeder pump, dedicated to bathroom use and with a bathroom-installed remote control, makes this trivial. It's probably also more efficient, easier to use, and (vs. thermostatic valves) about as easy and maybe also cheaper to implement than any fussing with valves.
A 30-year-old tank heater in a basement that needs a wrench to adjust a temperature that won't meaningfully change in a 2nd-floor bathroom for another half-hour, and also has to serve a dishwasher and clothes washer that might also run at higher temperatures at the same time, can't swing this as easily, or at all.