Answer
$$y=c_1e^{-\sqrt{1+x^2} }-1$$
Work Step by Step
Given $$\frac{\sqrt{1+x^2}}{1+y}\frac{dy}{dx}=-x $$
Separate variables
\begin{align*}
\int \frac{dy}{1+y }&= \int \frac{-x}{\sqrt{1+x^2}} dx \\
\ln( y+1)&=-\sqrt{1+x^2}+c\\
y&= e^{[c-\sqrt{1+x^2}]}-1\\
&=c_1e^{-\sqrt{1+x^2} }-1
\end{align*}