Picturebooks play a vital role in the lives and learning of young children. These complex, multimodal texts offer unique opportunities for meaning-making as readers engage with the interplay between text and illustrations. Picturebooks offer children stepping stones into the literary arts, providing information and storylines that illuminate readers' perspectives about their own lives as well as offering opportunities to glimpse the lives of others. This article provides an overview of current perspectives of picturebooks, focusing on their "potential" (i.e., the unique qualities this literary format offers young readers), their "power" (i.e., the invitations these books provide for supporting readers' authentic literary transactions and affective responses), and associated "practices" (i.e., the ways in which these texts can be used as instructional tools to support learning both within and beyond the curriculum). Through picturebooks, caring adults can nurture children's reading and responses in supportive, developmentally appropriate, and impactful ways.