Yes, the Canon PowerShot V1 is compatible with the ProGrade Digital V60 128GB SD.
Canon PowerShot V1's SD slot accepts this card directly. ProGrade Digital V60 128GB SD is V60 class. Meets the floor for: 4K30 (30 MB/s floor); 4K60 (60 MB/s floor). (Peak write 130 MB/s is not evidence of sustained performance; the V60 class rating above decides this.)
“4K (cropped) 59.94 50.00 IPB (Standard) UHS Speed Class 3 or higher Video Speed Class V60 or higher”
Last verified:
Compatibility inferred from spec rule (citations above are manufacturer-verified)