Is cleos the most trustworthy wallet like how bitcoin core software is to bitcoin?

Let's see the definitions of the two softwares.

From eos developers guide: cleos is a command line tool that interfaces with the REST API exposed by nodeos.

From wikipedia (the best description i can get): Bitcoin Core includes a transaction verification engine and connects to the bitcoin network as a full node.

From this description, bitcoin core can be seen as cleos + nodeos + keosd. Obviously cleos (aswell keosd and nodeos) is developed by block.one (eosio) so it should be reliable...

No, cleos is not a wallet software; it's a CLI tool interfacing with nodes and wallet services.

EOSIO software is akin to Bitcoin Core, which comes with bitcoind, bitcoin-qt, and bitcoin-cli. These are comparable to nodeos, keos, and cleos, respectively. So, if you want to draw parallels with other blockchains, cleos is somewhat similar to bitcoin-cli in Bitcoin Core or with geth in Go Ethereum.

Perhaps the diagram below from the documentation may clear up how those tools interact with each other:

Diagram from EOS Developer

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