This paper presents a comprehensive analysis of traversable wormhole geometries within the framework of f(Q, T) gravity, where Q represents the non-metricity scalar and T denotes the trace of the energy-momentum tensor. We investigate four distinct functional forms: linear Model I ( \(f = \alpha Q + \beta T\) ), quadratic Model II ( \(f = \alpha Q + \gamma Q^2 + \beta T\) ), product Model III ( \(f = \alpha Q^n T^m\) ), and exponential Model IV ( \(f = \alpha Q e^{\beta T}\) ). Two novel shape functions are introduced: an exponential relaxation form \(b(r) = r_0 + r_0 \epsilon [1 - \exp (-(r-r_0)/\sigma )]\) and an oscillatory corrected form \(b(r) = r_0 (r/r_0)^{\eta } + \lambda r_0 \sin ^2(\pi r_0/r)\) . Our analysis reveals that for negative coupling parameters ( \(\beta < -0.3\) , \(\gamma \approx 0.12\) , \(n \approx 1.45\) , \(m \approx -0.42\) ), the null energy condition is satisfied at the throat, eliminating the need for exotic matter. The Volume Integral Quantifier yields minimal exotic matter content with \(I_V = 0.08\) for Model II, compared to \(I_V = 1.45\) for positive coupling. Stability analysis via the modified TOV equation confirms dynamical equilibrium with force deviations \(< 0.002\) . Sound speeds remain within the causal limit ( \(0 \le v_s^2 \le 1\) ). Junction conditions with phantom energy ( \(\omega = -1.2\) ) yield stable thin-shell configurations at \(a = 2.5\) . Gravitational lensing reveals distinctive deflection angles up to \(\hat{\alpha }_{\text {max}} = 1.8\pi \) for Model II, compared to \(1.2\pi \) for Schwarzschild black holes. Quasinormal mode frequencies differ by \(2-6\%\) from black hole values. Model parameters are constrained using Pantheon+ supernovae, Planck CMB, and BAO data, yielding best-fit values \(\beta = -0.48 \pm 0.14\) , \(\gamma = 0.12 \pm 0.04\) , \(n = 1.45 \pm 0.13\) , and \(m = -0.42 \pm 0.09\) at 95% confidence.