Yes, it is possible by URL Tweaking.
Google’s image search feature includes an option to sort images by
date. The default options in Google’s left-hand menu only cover
results from the past week, but you can get additional results by
tinkering with the search URL.
Google Operating System notes that by clicking the ‘past week’ URL and
editing the section that says qdr:w, you can get other ranges. Options
you can include:
qdr:h – Past hour
qdr:hn – Past n hours (e.g. qdr:h2 for past 2 hours)
qdr:d – Past day
qdr:dn – Past n days
qdr:w – Past week
qdr:wn – Past n weeks
qdr:m – Past month
qdr:mn – Past n months
qdr:y – Past year
qdr:yn – Past n years
While searching by date can be useful, it isn’t infallible. Google
often uses the content surrounding an image when determining the date,
so an older image will show up at the top of the list if it’s been
featured in a recent news story or blog post.