An old LM358 is a poor choice for an ultrasonic receiver because its output can't slew quick enough and it has poor high frequency gain.
Its max output swing drops off above only about 5kHz, and it max gain at 40kHz is only about 10.
Many more modern opamps have full output swing to 100kHz and higher, and have much more gain at 40kHz.
Besides having more gain for a greater range, a modern opamp can also be used as an active rectifier circuit to cancel the forward voltage of a rectifier diode for greater sensitivity. :lol: