New phono stage can bring out everything your old cartridge is capable of, and new cartridge will likely sound better than the old one with the old phono stage.
The world's best cartridge will not sound great with the world's worst phono stage but budget cartridges will benefit from the world's best phono stage. Best to buy the best performing phono stage you can afford and work your way up to a cartridge which equals the the phono stage.
Before cartridge and phono stage get the best turntable and arm you can afford. Buy second hand if prices are intimidating,
I had a Goldring E3 mounted on a Rega P2 and was using a very decent phono stage built in with Rogue RP1. Sounded great. Then I tried the Mcintosh MP100 phono stage I borrowed from my buddy and my jaw dropped. I paid $100 for that Goldring. It sounded insanely good. I had to return the MP100 and continued using the built in phono. Later on I stepped up to Hana EH cartridge and while the upgrade was very audible, it was nowhere near the level of improvement brought by the upgraded phono stage.
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