It's a little confusing, because you're showing a PNG file, not a shortcut.
But when you search from Home and open the file, Windows is likely creating a shortcut to the opened file in the Recents folder, because it is now a recently-opened item. When you search the Pictures folder and open a file, the shortcut file is still created, but it's not showing in the search results because you're searching Pictures; you're not searching in a folder that contains the Recent folder.
Change the view (in the menu bar at the top) to Details, so you can see the path of the files.