There is no proof that every output of common hash functions is reachable for some input, but it is expected to be true. No method better than brute force is known to check this, and brute force is entirely impractical.
By the coupon's collector argument, it is expected to require $2^n\cdot(n\cdot\ln(2)+\gamma)+1/2+o(1)$ random values to reach all $n$-bit values, with $\gamma\approx 0.577216$.
Translated to hashes, about $2^{134.5}$ (for MD5) or $2^{166.8}$ (for SHA-1) distinct messages are expected to be required to reach all output values, on the assumption that these hashes behave as random functions. This assumption is reasonable, as it is the design goal of the round function of these hashes.
Update: as stated by Jon Callas in an other answer, it is possible to construct hash functions which demonstrably do not reach all their output; and even some that are computationally secure. One example is $\mathcal{H'}=\mathcal{H}(\mathcal{H}(m)|1)$ where $|$ is bitwise OR, and $\mathcal{H}$ is a common hash function. $\mathcal{H'}$ reaches markedly less than half of its output space, but is likely as fine as $\mathcal{H}$ by all other experimental metrics except speed.