Isso é quase certamente Childhood's End por Arthur C Clarke. Eu não vou revelar o final, já que isso seria um spoiler, mas é deixado como uma questão aberta se os alienígenas (conhecidos como os Senhores Supremos) eram realmente benevolentes.
Para citar a descrição da Wikipedia da primeira seção do romance:
In the late 20th century, the United States and the Soviet Union are competing to launch the first spaceship into orbit, for military purposes. When vast alien spaceships suddenly position themselves above Earth's principal cities, the space race ceases. After one week, the aliens announce they are assuming supervision of international affairs, to prevent humanity's extinction. They become known as the Overlords. In general, they let humans go on conducting their affairs in their own way. They overtly interfere only twice: in South Africa, where sometime before their arrival Apartheid had collapsed and was replaced with savage persecution of the white minority; and in Spain, where they put an end to bull fighting. Some humans are suspicious of the Overlords' benign intent, as they never visibly appear. The Overlord Karellen, the "Supervisor for Earth," who speaks directly only to Rikki Stormgren, the Secretary-General of the United Nations, tells Stormgren that the Overlords will reveal themselves in 50 years, when humanity will have become used to their presence. Stormgren smuggles a device onto Karellen's ship in an attempt to see Karellen's true form. He succeeds, is shocked, and chooses to keep silent.
Sua forma é aquela que inspira grande consternação.
It was a tribute to the Overlords' psychology, and to their careful years of preparation, that only a few people fainted. Yet there could have been fewer still, anywhere in the world, who did not feel the ancient terror brush for one awful instant against their minds before reason banished it forever.
There was no mistake. The leathery wings, the little horns, the barbed tail-all were there. The most terrible of all legends had come to life, out of the unknown past. Yet now it stood smiling, in ebon majesty, with the sunlight gleaming upon its tremendous body, and with a human child resting trustfully on either arm.
Childhood's End - Read Online