In this paper, we propose a nonlinear controller that stabilizes unmanned aerial vehicles in GPS-denied environments with respect to visual targets by using only onboard sensing. The translational velocity of the vehicle is estimated online with a nonlinear observer, which exploits spherical visual features as the main source of information. With the proposed solution, only four visual features have shown to be enough for the observer to operate in a real scenario. In addition, the observer is computationally light with constant numerical complexity, involving small-dimension matrices. The observer output is then exploited in a nonlinear controller designed with an integral backstepping approach, thus yielding a novel robust control system. By means of Lyapunov analysis, the stability of the closed-loop system is proved. Extensive simulation and experimental tests with a quadrotor are carried out to verify the validity and robustness of the proposed approach. The control system runs fully onboard on a standard processor, and only a low-cost sensing suite is employed. Tracking of a target whose speed exceeds 2 $\mathrm{m/s}$ is also considered in the real-hardware experiments.