Decals on Translucent Materials

I’m posting this question again because there hasn’t been an update on this in a couple of years and the answers that are available are misleading.

Is it possible to have decals show up on translucent materials like water or glass or will it be possible in future versions?

Bump as there still doesn’t seem to be a proper solution for this

Giving my own bump to this. I’m having trouble finding a solution to this myself in 2021.