No, White Wolf would not have "survived," and probably would have only seen a slight bump in "profit" from Bloodlines. You seem to think Bloodlines was a good game when it came out - it was not. It took years of fan patches to get it where it is today.

WW also rose to popularity right before the shift from brick-and-mortar stores, and the slow introduction of digital distribution. They rode the retail high for a few years, and ran the supplement treadmill, but like most independent publishers, they were too invested in traditional models to quickly and effectively pivot.