Yes, bigotry against a group and sexual fetishization of the same group (and, frequently, constructing a narrative in which such fetishization is deviant but the fault of the group targeted and not the fetishizers, wuch that the fetish further justified the bigotry) frequently go together. You see this with racism of all forms, you see it with transphobia, and most commonly but perhaps least frequently commented on as a manifestation of the same effect, you see it with misogyny. And that's very much mot an exhaustive list.