手元のFreeBSD 11で試してみると、確かに使えます。manにも以下のように書かれています。
COMMAND LINE EDITING知りませんでした。
bc supports interactive command line editing, via the editline(3)
library. It is enabled by default if input is from a tty. Previous
lines can be recalled and edited with the arrow keys, and other GNU
Emacs-style editing keys may be used as well.
The editline(3) library is configured with a .editrc file - refer to
editrc(5) for more information.