1. The new version of PostgreSQL would need to able to read all old catalog table formats and migrate them.
2. The new version of PostgreSQL would need to support all old versions of the parse tree to migrate views.
3. Likely a bunch of more things that I do not know of. I for example doubt it is trivial to just read an old catalog without having a fully up and running cluster which supports almost everything in that old cluster. The catalog has TOAST tables and indexes for example.
Right now 1 and 2 are implemented in pg_dump plus by having pg_dump call functions in a running old version of PostgreSQL.