Yes I believe the OP understands correctly with some clarification. Ultimately we need to properly label the spectrum to either be a spectrum plot with a given resolution bandwidth, or a true PSD that has been normalized to frequency units (such as dBm/Hz). This is no different than a measurement of a noise or wideband signal using a spectrum analyzer for those familiar with that. The properly normalized PSD plot will not change as we increase or decrease the total number of bins, while a spectrum plot will have the measurement level for noise or wideband signal go up and down as the number of bins is changed (changing the resolution bandwidth accordingly). Each bin in the DFT is the integration of the total power under the frequency response for that bin as a bandpass filter (the frequency response of each bin is an aliased Sinc function, specifically the Dirichlet Kernel). For white noise, this total power is equivalent to that of a brickwall filter that is 1 bin wide. Thus for noise signals where the power is spread across multiple bins and given as a power spectral density in W / Hz (or other power per frequency units), when the DFT is properly scaled (see those details further below) the total magnitude squared of the DFT (as the integrated total power within the bin) will scale with the number of bins used given the same sampling rate, according to the resolution bandwidth for that bin. And the total power sum of all the bin (sum of $(\frac{1}{N}X[k])^2$) will be equal to the total power in the time domain, as given by Parseval's Theorem. The power in each bin is referred to as the "DFT Noise Floor" which I detail further in this post: Does the duration of a signal affect its frequency component's amplitude? Also, does the sampling frequency affect the power of a signal?